Shares of Ondas Holdings remained stable in premarket activity on Tuesday, trading around $10.33, following a significant 6.7% surge during Monday's regular session. The movement comes as the market evaluates a substantial new contract award for the company's defense subsidiary.
Major Defense Contract Win
Ondas announced that its smart demining unit, 4M Defense, secured a competitive tender worth more than $30 million for a land clearance program along the Israel-Syria border. The project encompasses approximately 741 acres and has an initial execution timeline of up to three years, with provisions for extension. Company leadership described the award as reflecting growing demand for technology-driven clearance solutions.
This multi-year contract represents a critical data point for investors, as Ondas transitions its defense portfolio into concrete, booked work. The company noted that revenue recognition will be tied to defined project milestones. Management positioned the initiative as one of Israel's largest demining efforts and a potential reference program for other international markets.
Institutional Investment and Recent Developments
In a separate regulatory filing, The Goldman Sachs Group reported beneficial ownership of 4.2% of Ondas' common stock. The disclosure, filed as a Schedule 13G/A, indicated the position is passive and held in the ordinary course of business, not for influencing control.
The Israeli contract extends a series of recent defense-related announcements from Ondas. Last week, the company reported its Airobotics unit secured a strategic defense contract with an Asia-Pacific government customer, with deliveries anticipated this year. Ondas also entered a definitive agreement to acquire UK-based Rotron Aero, aiming to expand its portfolio with long-range unmanned aerial and autonomous strike systems.
While contract wins provide positive momentum, analysts note that defense and border security programs can face delays due to permitting, procurement schedules, and operational constraints. Demining projects in sensitive regions also carry inherent logistical and security risks.
Investors await Ondas' financial results for the December quarter, with an expected reporting date currently flagged for March 11, though this remains subject to change.
