Ondas merges with Mistral Inc. to boost U.S. defense expansion

By Chris Stiles • Monday, March 09 09:37 • Permanent Link

Ondas Inc. (NASDAQ: ONDS) has announced its merger agreement with Mistral Inc., a U.S.-based defense prime contractor specializing in supporting U.S. military, federal, and public safety programs. The merger will provide Ondas with direct prime contractor access to U.S. Army and Special Operations contract vehicles, as well as U.S.-based manufacturing, integration, and federal contracting infrastructure.

Mistral Inc. currently serves as a prime contractor on over a billion dollars of IDIQ and various U.S. DoD contracts for weapon systems, UAS, and drones, while also being a leading provider for U.S. state and local governments and the HLS market for public protection systems.

The merger aims to accelerate Ondas' U.S. defense expansion strategy by adding prime contract access, U.S.-based manufacturing infrastructure, and established federal and state contracting capabilities. Mistral's decades of experience as a prime contractor and trusted supplier to the U.S. government will significantly contribute to Ondas' growth in the U.S. defense sector.

The merger aligns with Ondas' strategy to transition from standalone system deployments to structured participation in multi-year contract vehicles. The combined capabilities of Ondas and Mistral are expected to deliver fully integrated autonomous air and ground solutions aligned with Department of Defense modernization priorities, homeland security requirements, and state-level public safety missions.

Ondas plans to provide outlook information regarding Mistral on its earnings conference call scheduled for Wednesday, March 25, 2026, at 8:30 a.m. Eastern Time.

The merger represents a significant step in Ondas' strategy to expand its role within U.S. defense procurement by combining advanced autonomous platforms with U.S.-based prime contractor infrastructure capable of competing for and executing multi-year government programs. Following these announcements, the company's shares moved -5.15%, and are now trading at a price of $12.16. If you want to know more, read the company's complete 8-K report here.

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