New York, Feb 10, 2026, 08:00 EST — Premarket
- Ondas shares held steady in premarket trading, following a big jump the previous session.
- Company’s 4M Defense arm landed a demining contract in Israel worth more than $30 million.
- Goldman Sachs, according to a filing, now holds a 4.2% beneficial stake in Ondas.
Shares of Ondas Inc held steady at $10.33 before the bell Tuesday, following a solid run the previous session. Investors were digesting news of a fresh demining contract landed by its defense arm.
The more than $30 million contract stands out—Ondas still trades like a speculative play, so deals like this are about the only solid signals investors have for how fast its defense business is converting into actual revenue. Unlike pilots, this contract spans several years and includes a defined delivery schedule.
Ondas announced that its smart demining arm, 4M Defense, secured a contract worth more than $30 million through a competitive tender. The program targets roughly 741 acres along the Israel-Syria border, with an initial term of up to three years and possible extensions. “This award reflects the increasing demand for advanced, technology-driven approaches to land clearance,” Chairman and CEO Eric Brock said. Ondas Inc.
The company described the project as among Israel’s biggest demining operations to date, positioning it as a model for other markets. Delivery will follow set milestones, the company noted, which could impact the timing of when revenue shows up on its books.
Another regulatory document just landed: Goldman Sachs Group and Goldman Sachs & Co. have disclosed a 4.2% passive stake in Ondas’ common stock, according to a Schedule 13G/A. The filing, which institutions use to report non-active positions, noted the shares are held in the ordinary course of business, with no intent to sway company control.
Ondas surged 6.7% on Monday, volume running high, as word of the new contract rippled through small-cap defense and drone names.
The Israel award marks another defense win for Ondas, adding to a string of recent announcements. Just last week, Ondas said its Airobotics unit landed a key defense deal with a government client in Asia-Pacific. Shipments are set to start this year, with the possibility of additional orders down the line.
The company has also entered into a definitive agreement to buy Rotron Aero, a UK firm, describing the move as a way to bolster its lineup with long-range unmanned aerial systems and autonomous strike platforms. Ondas noted the deal still needs to clear standard closing hurdles.
Still, fresh contracts don’t always show up immediately on the top line. Defense and border security projects often run into permitting snags, delays in procurement, or operational hiccups. Demining efforts in volatile zones add another layer of risk—logistics and security issues can stall progress.
Ondas is due to report December quarter results soon, with Zacks’ earnings calendar listing March 11 as the anticipated date for that release—though timing can shift.
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