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BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), whose stock has surged over 128% in the past year according to InvestingPro data, announced Tuesday that its subsidiary American Robotics has formed a strategic partnership with Mistral Inc. to market and sell autonomous drone systems to U.S. defense and homeland security agencies.
The three-year agreement focuses on joint marketing and integration of American Robotics’ Optimus drone system and Iron Drone Raider into government markets. Mistral, a Maryland-based defense contracting firm with over 35 years of experience, will leverage its established relationships with federal, state, and local government entities to create sales channels for Ondas’ drone platforms. With a market capitalization of approximately $250 million, Ondas is positioning itself for growth, though InvestingPro analysis indicates the company currently operates with moderate debt levels.
"This collaboration with Mistral accelerates and strengthens our commercial strategy in the U.S.," said Eric Brock, Chairman and CEO of Ondas Holdings.
The partnership will promote two key systems: the Optimus System, an autonomous drone-in-a-box platform for data collection and security monitoring, and the Iron Drone Raider, a counter-UAS solution designed to capture hostile drones without collateral damage.
Yoav Binai, Senior Vice President of Mistral, stated, "The Iron Drone Raider and Optimus systems represent a leap forward in autonomous capabilities."
The agreement includes a structured success fee model based on realized sales and follows Ondas’ recent international deals as part of its growth strategy.
According to the press release statement, the partnership aims to meet increasing demand for autonomous aerial intelligence and counter-drone solutions in defense and homeland security applications. While analysts anticipate sales growth for Ondas in the current year, detailed financial metrics and 16+ additional insights are available through InvestingPro’s comprehensive research reports.
In other recent news, Ondas Holdings Inc. has announced a substantial $14.3 million purchase order from a key defense customer for its Optimus System, marking the largest single order for this autonomous drone platform to date. This order significantly increases Ondas’ revenue backlog to $28.7 million, up from $10 million at the beginning of 2025, highlighting growing demand in the defense sector. Additionally, Ondas Holdings has regained compliance with Nasdaq’s minimum bid price requirement, ensuring continued trading on the Nasdaq Capital Market. The company achieved a closing bid price of at least $1.00 for 10 consecutive business days, resolving a previous bid price deficiency. Ondas also plans a public offering of its common stock and pre-funded warrants, with proceeds intended for general corporate purposes. The offering will be managed by Oppenheimer & Co. Inc., with terms detailed in a final prospectus supplement filed with the SEC. These developments reflect Ondas’ strategic efforts to strengthen its market position and financial standing.
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