Ondas Inc. Announces Strategic Merger with Mistral Inc., U.S. Defense Prime Contractor

Key Points for Investors

• Ondas Inc. (Nasdaq: ONDS) has entered a merger agreement with Mistral Inc., a respected U.S. defense prime contractor.
• This merger significantly expands Ondas’ direct prime participation in U.S. Department of Defense (DoD) programs, as well as access to various federal, state, and local law enforcement and homeland security contracts.
• Mistral brings decades of experience as a prime contractor on over a billion dollars of Indefinite Delivery/Indefinite Quantity (IDIQ) and various U.S. DoD contracts, supporting advanced weapon systems, unmanned aerial systems (UAS), drones, and public protection solutions.
• The transaction adds U.S.-based manufacturing infrastructure and established federal and state contracting capabilities to Ondas, accelerating its U.S. defense expansion strategy.
• Mistral will merge with a subsidiary of Ondas but will maintain its current contract administration responsibilities, ensuring continuity and leveraging existing relationships and expertise.

Detailed Analysis

Ondas Inc. (Nasdaq: ONDS), a leading provider of autonomous aerial and ground robotics intelligence via its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, has announced a definitive merger agreement with Mistral Inc., a U.S.-based defense prime contractor with extensive experience supporting U.S. military, federal, and public safety programs.

Merger Highlights & Strategic Rationale

• Prime Contractor Access: This merger provides Ondas with direct access to U.S. Army and Special Operations Command (USSOCOM) contract vehicles, allowing the company to compete directly as a prime contractor for major multi-year defense contracts.
• Manufacturing Expansion: Ondas gains U.S.-based manufacturing, assembly, integration, and quality assurance infrastructure—crucial for rapid program execution and compliance with defense sourcing requirements.
• Contracting Infrastructure: Mistral’s established contracting infrastructure and expertise in integrating mission-critical systems for the U.S. military will enhance Ondas’ ability to deliver and scale advanced autonomous solutions in the defense sector.
• Expanded Customer Base: The combined entity will be positioned to serve not just the DoD, but also state and local law enforcement, homeland security, and other federal agencies, supporting a broad spectrum of public protection and security missions.

Statements from Leadership

Eric Brock, Chairman and CEO of Ondas Inc.: “Mistral brings decades of trusted performance supporting U.S. defense and public safety customers, along with a highly experienced team that has repeatedly demonstrated its ability to introduce advanced technologies into operational programs. By combining Mistral’s prime contractor capabilities with Ondas’ expanding autonomous systems portfolio, we are well positioned to deliver integrated mission solutions directly to U.S. defense customers while expanding our manufacturing and execution capabilities in the United States.”

Eyal Banai, CEO of Mistral Inc.: “Joining Ondas represents an exciting new chapter for Mistral. Our team has spent decades supporting critical defense and public safety programs, and the addition of Ondas’ unique autonomous systems allows us to expand those capabilities while continuing to deliver the reliability and execution our customers expect. With Ondas’ additional scale and technology, we are even better positioned to support our domestic defense customers, industrial base, and industry partners as mission requirements evolve.”

Implications for Shareholders & Potential Share Price Impact

• Significant Expansion into U.S. Defense Market: Ondas’ strategic move into direct prime defense contracting is a major step, potentially increasing its addressable market and revenue streams, especially through multi-year government programs.
• Enhanced Competitive Position: The merger could substantially improve Ondas’ ability to compete for large-scale, long-term government contracts, which are often considered more stable and lucrative than standalone system deployments.
• Manufacturing Scale and Compliance: Acquiring U.S.-based manufacturing and integration capabilities positions Ondas favorably for contracts that have domestic sourcing requirements—a key consideration for the defense sector.
• Potential Share Price Catalyst: The news is likely to be viewed positively by the market, as it signals a transformation in Ondas’ scale, contract access, and long-term growth prospects within the high-barrier, high-value defense sector.
• Outlook and Further Information: Investors should note that more details—including financial outlook for Mistral—will be provided on Ondas’ earnings conference call scheduled for March 25, 2026, at 8:30 a.m. Eastern Time.

About Ondas Inc.

Ondas Inc. is a leading provider of autonomous systems and private wireless solutions, with technologies that combine aerial intelligence and next-generation connectivity to enhance security, operational efficiency, and data-driven decision-making across critical industries. Its Ondas Autonomous Systems unit delivers AI-driven defense and security platforms, including:

• The Optimus System (first FAA-certified small UAS for fully automated aerial security and data capture)
• Iron Drone Raider (autonomous counter-UAS interception)
• Roboteam’s tactical ground robotics for military and special operations
• Apeiro Motion’s advanced ground robotics and tethered UAV systems
• Sentrycs’ Cyber-over-RF (CoRF) and protocol-manipulation counter-UAS solutions

Ondas Networks provides standards-based, software-defined wireless broadband technology for mission-critical IoT markets such as rail, utilities, oil and gas, transportation, and government.

Shareholder Contacts

IR Contact for Ondas Inc.: 888-657-2377 | [email protected]
Media Contact for Ondas Inc.: Escalate PR | [email protected]
Marketing Manager: Preston Grimes | [email protected]

Disclaimer

Forward-Looking Statements: This article contains forward-looking statements based on current expectations about future events. Actual results may differ materially due to risks and uncertainties, including those detailed in Ondas’ SEC filings under the “Risk Factors” section. The company undertakes no obligation to update forward-looking statements except as required by law. Investors are advised to refer to official filings and future communications for the most accurate and up-to-date information.

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