West Palm Beach, Florida, April 21, 2026, 14:37 EDT
- Ondas reported that 4M Defense landed a $10 million first order as part of an Israeli border demining project worth $50 million.
- The company now puts its two active demining tenders at roughly $80 million in total.
- Ondas climbed roughly 1.3% to $10.87 in Tuesday afternoon action.
Ondas Inc on Monday announced a $10 million first order for its 4M Defense unit, part of a $50 million demining effort connected to Israel’s eastern border barrier. The Nasdaq-listed firm adds the contract to its growing defense portfolio.
The award is significant now—it kicks another tender into the action phase as Ondas works to translate its acquisition spree into real dollars. Ondas snapped up 4M Defense last October, then wrapped up its World View deal on April 1. The company raised its 2026 revenue goal to at least $375 million just last month, after 2025 sales soared 605% to $50.7 million.
Ondas described the work as one piece of a larger $50 million tender tied to Israel’s $1.7 billion Eastern Border Security Barrier push. Demining—removing mines and unexploded shells before any building can begin—is required to clear the way for the new fence, according to the company. That lines up with how the Israeli Defense Ministry has outlined the barrier plan.
4M will deploy drones, autonomous robots and sensors to remove hazardous landmines along Israel’s eastern border, the company said. Chief Executive Eric Brock pointed to “near-term revenue visibility” from the two land-clearing programs already in motion, adding they could develop into “larger, long-duration engagements.” Ondas Autonomous Systems Co-CEO Oshri Lugassy called the latest project wins a “validation of our ability to execute at scale.” Ondas Inc.
Ondas now values its two ongoing demining projects at roughly $80 million, factoring in the latest award and the Israel-Syria border initiative from March. That earlier effort included a $15.8 million upfront order tied to a $30 million contract. Shares traded up about 1.3% to $10.87 Tuesday afternoon, after reaching as high as $11.29 earlier.
The order adds to a string of April headlines for Ondas. Back on April 13, the company announced an initial $68 million order tied to a $140 million military engineering program. Just two days after that, Ondas rolled out a new drone-defense joint venture in Germany with Heidelberg.
Ondas is taking on competitors like AeroVironment—a company known for its battlefield drones and all-domain systems—and DroneShield, which focuses on counter-drone technology, as it navigates the defense-autonomy market. What Ondas is banking on: packaging aerial systems, ground robots, and demining equipment together in a single platform.
Brock described 2025 as a “defining year” for Ondas as it ramps up, though execution now becomes the hurdle. Ondas said more phases for the eastern-border program are expected, contingent on milestone achievements. The company stayed in the red despite the boost in revenue, posting a $133.4 million net loss for 2025. Profitability across the business, Ondas said, is still the goal for the first quarter of 2028.
