SEGMENT 05, DEFENCE & GOVERNMENT · Last updated 13 July 2026

Ondas

Publicly listed autonomous-defence platform. A roll-up of ISR, counter-UAS, and drone-in-a-box infrastructure, scaled through the $875.8 million DZYNE Technologies acquisition.

HQ
West Palm Beach, Florida, USA
Status
Public · NASDAQ: ONDS
Founded
2014
NDAA
compliant

Eligible for US federal procurement; airframe and components meet NDAA Section 848/1709 supply-chain rules.

Key Facts

HeadquartersWest Palm Beach, Florida[1]
Founded2014Renamed from Ondas Holdings to Ondas Inc. in January 2026[2]
ListingNASDAQ: ONDS[2]
DZYNE Acquisition$875.8 millionSigned and closed 2 July 2026: $200M cash plus approximately $675M equity. Adds long-endurance ISR, the USAF-contracted Grasshopper cargo glider, and counter-UAS[4]
FY2026 Revenue GuidanceAt least $525 millionCompany guidance; analyst consensus nearer $395 million[2]
Autonomous Systems UnitsAmerican Robotics, Airobotics, Iron Drone, Sentrycs, Ardenna, DZYNEOndas Autonomous Systems, alongside the Ondas Networks private-wireless business[1]
DZYNE Revenue Outlook$300 million-plus projected for 202780%-plus compound growth 2025 to 2028 per deal materials[5]
NDAA / Federal ProcurementCompliant; US-listed, with USAF-contracted programmes via DZYNE[5]

PRODUCTS

American Robotics Scout System[1]

Autonomous drone-in-a-box for continuous, remote industrial and infrastructure monitoring.

Iron Drone Raider[1]

Autonomous counter-UAS interceptor for kinetic defeat of hostile drones.

DZYNE ULTRA and LEAP[4]

Long-endurance Group 2/3 ISR aircraft families, acquired 2026.

DZYNE Grasshopper[4]

Air-launched expendable cargo glider under active delivery to the US Air Force.

Drone Intelligence Assessment

Ondas is assembling a publicly listed autonomous-defence platform by acquisition. Incorporated in 2014 and headquartered in West Palm Beach, the company runs two arms: Ondas Networks, a private-wireless data business, and Ondas Autonomous Systems, which has rolled up American Robotics and Airobotics in drone-in-a-box infrastructure, Iron Drone and Sentrycs in counter-UAS, and Ardenna in analytics.

The defining move is the $875.8 million acquisition of DZYNE Technologies, signed and closed on 2 July 2026 and structured as $200 million in cash plus approximately $675 million in equity. DZYNE brings long-endurance Group 2/3 ISR in the ULTRA and LEAP families, the Grasshopper air-launched cargo glider under active US Air Force delivery, and a further counter-UAS portfolio. The transaction pulls Air Force-contracted programmes out of a private-equity structure and into a listed vehicle, and it is the reason Ondas guides to at least $525 million of FY2026 revenue against an analyst consensus nearer $395 million.

The strategic position is distinct: Ondas is one of the few liquid ways for a public-market investor to hold persistent ISR, autonomous effects, and counter-UAS below the Tier-1 primes. The risk is integration and balance-sheet execution. Ondas has grown by absorbing multiple companies quickly, DZYNE's revenue projections imply a steep ramp, and an equity-heavy acquisition currency depends on the share price holding while the operating businesses are combined.

Side-By-Side Comparisons

INDEPENDENT ASSESSMENT

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Drone Intelligence, Company Profile. Compiled from public filings, primary sources, and verified disclosures. Last updated 13 July 2026.

paul@droneintelligence.ai