WEST PALM BEACH, Florida, March 17, 2026, 09:10 EDT
Ondas Inc on Monday wrapped up its takeover of the UK’s Rotron Aerospace, shelling out roughly $6.7 million in cash and issuing 3.33 million shares. The Nasdaq-listed firm is making a bigger bet on long-range drone and propulsion tech. Ondas, in a separate filing, disclosed it had also acquired the last 30% stake in the parent company of its Israeli arm, 4M Defense.
The stakes are high for Ondas, which is working to stitch together a mix of drone, robotics, and counter-drone technologies into a full-scale defense platform, just as military budgets expand and interest in precision unmanned systems accelerates. Last week, the company projected its preliminary 2025 revenue would exceed its previous forecast, while maintaining its 2026 goal. Final results come out March 25.
With Rotron, Ondas picks up a UK industrial base, VTOL aircraft—capable of vertical takeoff and landing without needing a runway—plus long-range unmanned platforms and propulsion systems, according to the company. Chief Executive Eric Brock described the acquisition as “a critical addition” for Ondas’ autonomous-systems platform. Ondas Inc.
Ondas, in a separate 4M filing, disclosed it picked up the last 30% stake in Chirokka Holding from Nir Cohen, paying 352,968 shares plus potential earn-out shares valued as high as $1.4 million. That gives Ondas full control over the unit, which earlier this month landed a $15.8 million starter order as part of Israel’s demining push along the border with Syria—a contract that might scale to $60 million.
Monday’s filings closed out a hectic March. Ondas struck a $175 million all-stock agreement for U.S. defense firm Mistral on March 8, then picked up Israel’s BIRD Aerosystems on March 11. The following day, Ondas linked with Palantir and World View to develop ISR systems—intelligence, surveillance, and reconnaissance—across stratospheric balloons, aircraft, and ground setups. BIRD, for its part, said its protection and ISR tech is on more than 700 aircraft, spanning upwards of 40 different models.
Ondas on March 9 projected fourth-quarter revenue in the $29.1 million to $30.1 million range, putting it ahead of its earlier outlook. Full-year revenue should land between $49.7 million and $50.7 million, also topping guidance. The company stuck to its 2026 revenue target of $170 million to $180 million, not counting any possible new deals.
Deal flow is accelerating across defense tech. On Monday, AeroVironment announced it would acquire aerospace engineering player ESAero for roughly $200 million. Kratos Defense, for its part, revealed last month it had run a test of a jet-powered attack drone with Taiwan, highlighting just how fast the market is moving toward lower-cost unmanned systems.
Ondas is piecing together operations across Britain, Israel, and the U.S., using stock for part of the deal. Early numbers for 2025 still point to a net loss in the $52.8 million to $53.3 million range. The company isn’t offering a Rotron forecast yet; that update is now slated for its March 25 earnings call.
Gilo Cardozo, founder and CTO of Rotron, called the Ondas tie-up “an opportunity to scale” Rotron’s aircraft and propulsion tech across a bigger platform. Ondas plans to use Rotron as its UK base for defense, security, and critical infrastructure projects. Ondas Inc.
