NEW YORK, March 19, 2026, 09:40 EDT
Ondas shares pointed down early Thursday, with the latest Nasdaq print at $10.83 at 9:28 a.m. ET—a drop of roughly 3.9% from their previous close.
This comes on the heels of a March 18 filing linked to the Bird Aerosystems buyout, which registered shares for resale. Ondas is also set to report its final 2025 numbers in less than a week, after already telling investors its preliminary revenue beat what it projected back in January. The company kept its 2026 revenue target unchanged at $170 million to $180 million, not factoring in possible new deals.
Ondas, in its filing, registered 3,358,097 shares for resale by ex-Bird owners—stock that was issued March 18 in connection with the Bird acquisition. The company made clear it won’t see any proceeds from these potential sales. A resale registration just supplies the necessary paperwork for current holders to sell shares on the public market.
The filing isn’t a fresh fundraising move. Even so, it tends to hang over the stock—investors know more shares could hit the market. Ondas pointed out that Bird’s sellers face daily trading caps tied to average volumes lately, which could temper how quickly any shares are sold.
Ondas and Heidelberg on Wednesday announced the launch of ONBERG Autonomous Systems, a joint venture set to kick off sales in Germany and Ukraine, then push into the broader EU. The partners plan to handle sales, development, and industrial production out of Germany. “Europe faces an urgent need to secure critical infrastructure,” said CEO Eric Brock. For Heidelberg CEO Jürgen Otto, the joint venture is the “logical next step” as the group moves deeper into dual-use tech for civilian and military applications. Ondas Inc.
Ondas on Thursday issued a fresh update: its Sentrycs unit took part in Swisscom Broadcast’s DroneDefence setup for the World Economic Forum in Davos. According to the company, the system enabled early drone detection and used signal-based controls to track and halt unauthorized drones. Sentrycs CEO Tal Cohen called control of the “lower airspace” critical for high-profile events. Ondas Inc.
Tuesday brought Ondas’s acquisition of INDO Earth Moving, which just locked down a $140 million contract to supply military heavy engineering platforms. Ondas expects revenue from the deal to begin showing up in the books by Q2 2026. Co-CEO of Ondas Autonomous Systems, Oshri Lugassy, pointed to a broader vision: “robotic engineering vehicles” designed for high-risk operations. Ondas Inc.
The headline story doesn’t capture how fierce the competition really is. Ondas has started targeting markets already occupied by AeroVironment, known for its counter-UAS—or anti-drone—and autonomous tech, while Rheinmetall is pitching counter-drone and broad air-defense solutions across Europe.
There’s a risk here: the flurry of deals could outpace actual execution. Bird, INDO, and the ONBERG venture are piling on integration, delivery, and manufacturing tasks simultaneously. Investors still want to see if this expansion translates into sustained orders, consistent production, and reliable margins—not just a spree of headlines.
