NEW YORK, Feb 9, 2026, 08:48 ET — Premarket
- Ondas shares edged up roughly 0.2% in premarket action, changing hands most recently at $9.70
- 4M Defense has secured a contract worth more than $30 million for a multi-year demining project in Israel, according to the company.
- Project milestones are in focus for traders, who’ve also circled March 11 for the next earnings update.
Ondas Inc shares ticked 0.2% higher in Monday’s premarket session, after news broke that its smart demining division secured a land-clearance contract worth over $30 million in Israel. Shares last changed hands at $9.70, barely up from Friday’s close at $9.69.
Ondas described the award as milestone-driven over a possible three-year stretch, with options to tack on more time and broaden the work. The key figure grabs attention: revenue could land in bursts, not a single shot, marking a real shift from the company’s usual pilot deals.
Demining, which involves removing landmines and unexploded ordnance, isn’t a guaranteed payday for contractors. Ondas described the tender as “over $30 million”—that’s the estimated value for the bidding process, not a locked-in sales figure for the near term.
Ondas said the program spans roughly 741 acres near the Israel-Syria border—a region it called both historically contaminated and strategically sensitive. According to the company, 4M Defense is heading up the project.
Chairman and CEO Eric Brock called the award a sign of growing appetite for advanced, tech-driven land clearance in tough, high-risk defense zones. Oshri Lugassy, co-CEO at Ondas Autonomous Systems, said the initiative matches the company’s plan to deliver “end-to-end solutions” for border regions—covering pre-conflict monitoring, active missions, and cleanup after conflict. ACCESS Newswire
The company’s pushing its “system-of-systems” approach in simple language—bundle drones, ground robots, sensors, analytics, all into one unified platform and market the bigger package, not just a standalone device.
Ondas runs its autonomous aerial and ground robotics operations out of the Ondas Autonomous Systems segment, while wireless connectivity services are handled by Ondas Networks. Demining falls under the same autonomous systems umbrella, grouped with other security and defense offerings.
The tender’s labeled as “over $30 million,” with the company specifying that payouts depend on hitting project milestones. Delays are possible—security shifts, slow permitting, or any tweaks to the buyer’s requirements could push back the schedule and dent both revenue and margins.
At the open and heading into the week, traders are eyeing specifics on start dates and milestone timing, plus any signal from Ondas about whether the demining award will serve as a reference project for potential follow-on deals. Next up, investors are tracking the company’s quarterly update—projections put the next report near March 11, though the IR calendar remains blank for future events.
