NEW YORK, June 24, 2026, 12:04 EDT
- Ondas shares slipped about 6.6% around midday in New York, as Nasdaq stayed open. Trading volume was above 31 million shares.
- Lockheed Martin teamed up with the company on counter-drone tech, and Ondas Inc. landed over $40 million in defense orders in June.
Ondas Inc was down 6.7% at $7.96 late Wednesday morning on Nasdaq. The drone-defense firm kept releasing order and partnership updates, but shares slipped after opening at $8.48 and touching a low of $7.94. The stock was having one of its busier sessions this month.
Ondas Inc., based in West Palm Beach, Florida, said Tuesday its Sentrycs counter-drone unit will put its Cyber-over-RF tech into Lockheed Martin’s Sanctum counter-UAS platform. Counter-UAS are systems for detecting, tracking, or stopping drones. Matt Bahnemann, a senior program manager at Lockheed Martin, said the move “expands the layered sensing and response options” available to operators. Ondas Inc.
Ondas calls its approach cyber-over-RF, a setup running on a drone’s radio link. Sentrycs claims the tech lets it spot and seize control of a rogue drone, skipping wide-area jamming and physical takedowns. That’s a key point around places such as airports, stadiums and packed venues.
Ondas announced Monday it landed over $40 million in new June orders for autonomous defense gear, including counter-UAS, loitering munition systems, ground systems and defense services. That drove second-quarter order volume so far past $150 million. The company describes loitering munition systems as one-way drones that linger until they strike a target. “Counter-UAS has become an urgent priority,” said Eric Brock, Ondas’ chairman and CEO, while demand for loitering munitions is also showing. Ondas Inc.
Ondas has competition in the space. Axios said this week Kansas City police used DroneShield gear at World Cup events. Tom Adams, DroneShield’s director of public safety, told Axios security now involves more than just “gates, guns and guards.” In February, Fortem Technologies said it got a multimillion-dollar order to secure U.S. World Cup sites using radar, command software and drone interceptors. Axios Fortem Technologies
U.S. officials in January announced a $115 million push for counter-drone tech ahead of the World Cup and America’s 250th anniversary events, while Reuters said FEMA approved $250 million for 11 states hosting the World Cup to buy these systems.
Ondas is making more moves in related markets, agreeing last week to buy Cyberhawk, a drone inspection and infrastructure data provider, for about $125 million. Closing is expected in the third quarter, depending on certain conditions and regulators. “We have worked in drone-enabled inspection since 2008,” said Chris Fleming, Cyberhawk’s founder and CEO. Ondas Inc.
Ondas posted Q1 revenue of $50.1 million, jumping from $4.3 million last year. The company also bumped up its 2026 revenue goal to at least $390 million. Backlog, now $457 million after accounting for acquisitions, includes orders not yet booked as revenue.
But there’s risk with this setup. A prospectus supplement filed Monday listed 3,126,979 shares that selling stockholders could sell over time. Ondas said it won’t get any money from those sales. In its latest quarterly report, the company said its business, cash flow and results face threats outside its control. Slower order conversion, delays closing Cyberhawk, or more selling from holders all work against the growth story.
