Drone Maker Ondas Is On a Spending Spree. Here Are All 6 Companies It Has Acquired in 2026

Rich Duprey

Mon, May 18, 2026 at 9:45 AM EDT 3 min read

Quick Read

• Ondas Holdings (ONDS) acquired six defense-technology companies in 2026 including Mistral, which brings $264M in backlog and prime contractor status including a $982M U.S. Army loitering munitions program, raising full-year revenue guidance to at least $390M and pro forma backlog to $457M. The company finished Q1 with $1.026B in cash and estimates it can support more than $4.2B in additional M&A activity.

• Ondas is building an integrated unmanned and autonomous systems platform for defense and critical infrastructure by consolidating previously standalone drone software, counter-drone, AI demining, stratospheric sensing, and command-and-control capabilities into a single operating layer.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and Ondas Holdings wasn't one of them. Get them here FREE.

Ondas Holdings (NASDAQ:ONDS) has spent 2026 transforming itself from a niche drone software company into a sprawling defense-technology platform. CEO Eric Brock told investors the strategy is to "build Ondas into a scaled global operating platform for unmanned and autonomous systems, serving defense, security, industrial and critical infrastructure markets." The market is paying attention: shares are up 972.04% over the past year, lifting the market cap to $5.26 billion.

The acquisition spree was the headline of the company's Q1 update. Revenue hit $50.12 million, a tenfold jump year-over-year, and management raised full-year guidance to at least $390 million. Pro forma backlog surged to $457 million from $68.30 million at year-end 2025.

The analyst who called NVIDIA in 2010 just named his top 10 stocks and Ondas Holdings wasn't one of them. Get them here FREE.

The Six 2026 Acquisitions

1. Roboteam: Unmanned ground vehicle layer with tactical UGVs already deployed by military and security forces.

2. Sentrycs: Counter-drone protection already substantiated by its selection to assist at the 2026 FIFA World Cup.

3. 4M Defense: AI-enabled land intelligence for demining and border security with two active tenders now totaling approximately $80 million in value.

4. World View: Stratospheric ISR through long-endurance Stratollite sensing for air and ground monitoring.

5. Mistral: Unlocks U.S. defense prime contractor status through Army and Special Operations IDIQ contracts, with $264 million in backlog. Brock called it "a highly strategic position as a prime contractor, including participation in a $982 million IDIQ program with the U.S. Army for loitering munitions."

6. Omnisys: Battlefield command-and-control software layer connecting sensors, autonomous systems and workflows into one operating layer.