New York, June 17, 2026, 09:13 (EDT)
- Ondas shares finished at $9.21 on Tuesday, losing 3.15%, with volume at 51.74 million. Nasdaq hadn’t started regular trading Wednesday.
- Ondas Inc. rolled out several autonomous defense systems at Eurosatory 2026. New launches include Iron Wave, Dual Shield, MODUS, Scout Cyber-over-RF, Iron Arrow, and LADOS.
- In a filing dated June 15, Ondas disclosed plans for the resale of 6,070,948 shares held by stockholders connected to recent acquisitions. The company said it won’t get any proceeds from the sale.
Ondas Inc. shares faced an early move Wednesday as the drone and defense-tech firm announced a new lineup of autonomous systems in Europe. Investors also looked at a new resale filing that could bring more shares to the market.
Shares on the Nasdaq finished Tuesday at $9.21, off 3.15%. The stock moved between $9.14 and $9.74 during the session. Nasdaq trades again at 9:30 a.m. Eastern Time Wednesday. The market won’t close for Juneteenth until Friday, June 19.
Ondas is now focused on turning new product news into booked orders and then revenue. The company, which sells autonomous systems to the defense, homeland security and critical infrastructure sectors, said late last month that orders in the second quarter so far were over $110 million, putting its pro forma backlog at $457 million.
Ondas said at the Eurosatory defense show in Paris that it’s showing products in air defense, aerial intelligence, one-way attack planes, ground robotics and AI software. The “AI software” label refers to programs that help operators pull in data, make decisions, and run machines faster than human-only control. Ondas Inc.
Ondas Chairman and CEO Eric Brock called Europe “a central pillar” of the company’s long-term growth plan. Ondas pointed to its ONBERG joint venture in Europe for manufacturing, deployment and support. The company is pitching what it calls a “system-of-systems”—basically putting sensors, drones, ground robots, communications and command gear into a single network. Ondas Inc.
Red Cat Holdings rolled out Hellcat, a small drone system, at Eurosatory on Monday as it tries to catch more military buyers. The U.S. firm is launching Hellcat during the same week that European defense companies are in the spotlight, making the market more crowded.
Ondas put out some figures with its pitch. The company lifted its 2026 revenue target in May to at least $390 million after posting first-quarter revenue of $50.1 million—more than 10 times what it reported a year earlier. At the time, Brock talked about “powerful demand tailwinds” for counter-UAS and defense robotics. Counter-UAS refers to tech for detecting, tracking, or stopping hostile drones. Ondas Inc.
Share count remains its own question next to the growth picture. In a June 15 prospectus supplement, the company registered 6,070,948 shares for resale by holders connected to the Omnisys and Indo Earth Moving deals. The document notes that any proceeds from those sales go to the selling holders, not to Ondas.
The biggest near-term worry for the stock is timing. Product announcements don’t always turn into orders as quickly as investors hope and defense contracts can get delayed. There’s also the risk that holders of resale shares will sell, putting pressure on the stock. Ondas flagged the high risk for buyers in its own prospectus, warning that investing in its common stock comes with a high degree of risk.
S&P 500 and Nasdaq futures were a bit higher before the Fed, Reuters said. Market tone wasn’t hostile. Small-cap defense stocks like Ondas usually move more on company events, volume, or funding stories than on what indexes are doing.
