New York, Feb 10, 2026, 08:00 EST — Premarket
- Ondas shares were flat in premarket after a sharp gain in the prior session
- Company said its 4M Defense unit won a $30 million-plus demining tender in Israel
- A Goldman Sachs filing disclosed a 4.2% beneficial stake in Ondas
Ondas Inc shares were little changed in premarket trading on Tuesday at $10.33 after a strong prior session, as traders weighed a newly announced demining contract win for its defense unit. 1
The $30 million-plus award matters because Ondas is still priced like a story stock, and contracts are the clearest datapoints investors get on how quickly its defense portfolio is turning into booked work. This one is multi-year and comes with an execution timetable, not just a pilot.
Ondas said its smart demining subsidiary, 4M Defense, won a competitive tender valued at over $30 million for a program along the Israel-Syria border, covering about 741 acres, with an initial execution period of up to three years and options to extend. “This award reflects the increasing demand for advanced, technology-driven approaches to land clearance,” Chairman and CEO Eric Brock said. 2
The company framed the project as one of the largest demining efforts undertaken in Israel and said it expects the deployment to serve as a reference program for other markets. It also said the work will be delivered against defined milestones, a structure that can affect when revenue is recognized.
A separate filing may add to the attention: The Goldman Sachs Group and Goldman Sachs & Co. reported beneficial ownership of 4.2% of Ondas’ common stock in a Schedule 13G/A, a disclosure used by institutions to report passive stakes. The filing said the shares were held in the ordinary course of business and not to influence control of the company. 3
Ondas jumped 6.7% in Monday’s regular session, with heavy turnover, after the contract announcement circulated through the small-cap defense and drone trade. 4
The Israel award extends a run of defense-related announcements from Ondas in recent days. Last week, the company said its Airobotics unit secured a strategic defense contract with a government customer in Asia-Pacific, with deliveries expected to begin this year and potential follow-on orders. 5
It also said it signed a definitive agreement to acquire UK-based Rotron Aero, pitching the deal as a way to add long-range unmanned aerial systems and autonomous strike platforms to its portfolio. Ondas said the transaction is subject to customary closing conditions. 6
But contract wins do not always translate cleanly into near-term revenue. Programs tied to defense and border security can slip on permitting, procurement schedules, and operational constraints, and demining projects in sensitive areas can carry logistical and security risks.
Investors’ next checkpoint is Ondas’ financial update for the December quarter; Zacks’ earnings calendar currently flags March 11 as the expected reporting window, though companies can change dates. 7
