New York, June 16, 2026, 18:03 (EDT)
- Ondas shares traded down around 3.1% to $9.21, with more than 51 million shares changing hands.
- The company rolled out new autonomous defense systems at Eurosatory 2026, sticking to its push in Europe and demand for counter-drone tech.
- On Monday, a resale filing for 6.1 million shares linked to acquisitions put more stock on the market, adding to the supply overhang.
Ondas Inc. shares dropped 3.1% to $9.21 in late U.S. trading Tuesday, even as the drone and defense-tech firm introduced new autonomous systems aimed at allied military customers. Shares moved between $9.15 and $9.74 on roughly 51.5 million shares traded.
Ondas is trading fast as a stand-in for counter-UAS demand, as buyers look to the new wave of defense tech aimed at drones and autonomous systems. The company rolled out Iron Wave, Dual Shield, MODUS, Scout Cyber-over-RF, Iron Arrow and LADOS at Eurosatory 2026, saying these are all pieces in a “system-of-systems” setup tying together air defense, robotics, sensors and software. “Europe is a central pillar of our long-term growth strategy,” CEO Eric Brock said. ACCESS Newswire
Investors are sizing up Ondas’s push into new products while the company keeps expanding fast and issuing more shares. Ondas said on May 29 it got over $30 million in orders during May. That took its current-quarter orders above $110 million. The company reported $50.1 million revenue for the first quarter and pro forma backlog of $457 million. Backlog refers to orders received that haven’t been booked as revenue yet. Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said the business was headed for a “connected mission architecture,” not just “one drone, one robot or one sensor.” Ondas Inc.
Ondas shares faced short-term pressure after a June 15 filing. The company registered 6,070,948 common shares for resale by stockholders, according to the filing. The registered shares include stock issued for the Omnisys Ltd. and Indo Earth Moving Ltd. deals. Resale filings don’t mean the company is selling shares now—this step just lets current holders sell using a registered process.
Tech stocks underperformed as the broader market lost ground. The Nasdaq Composite and S&P 500 both ended lower Tuesday. The Dow closed at a record high, Reuters reported. Defense was firmer, with the iShares U.S. Aerospace & Defense ETF climbing roughly 1.0%.
AeroVironment slid roughly 3.2% and Red Cat Holdings lost 8.8%. Palantir Technologies, which works with Ondas on software and isn’t a straight drone competitor, was off 1.1%. It’s not a clean comparison, but traders trimmed positions across some autonomy and defense-tech names, even as the broader aerospace-and-defense sector saw more interest.
Ondas is still getting attention after its May update. The company boosted its 2026 revenue goal to at least $390 million, coming off first-quarter revenue of $50.1 million, up more than tenfold from a year ago. Adjusted EBITDA losses are set to stay high in the second quarter, the company said, but it expects some relief later this year.
Ondas’s defense contracts keep stacking up. On June 2, the company said its World View high-altitude balloon business landed a $4.8 million initial award for a three-month U.S. Navy SOUTHCOM maritime awareness project. The mission supports counter-narcotics and illegal fishing. “Trust built through execution,” World View CEO Ryan Hartman said. ISR stands for intelligence, surveillance and reconnaissance. Ondas Inc.
The downside looks pretty clear. The resale prospectus says selling stockholders can sell any or all of the shares, or keep them. Ondas won’t get any proceeds from those sales, and the document warns there’s a lot of risk for common stockholders. If the registered shares show up on the market faster than buyers want them, or if recent orders don’t deliver revenue soon, the stock could remain weak—even if new defense deals get announced.
