Ondas (ONDS) Merges with Defense Contractor Mistral Inc., Gaining Access to $1B+ DoD Contracts
Ondas Holdings Inc. (ONDS) has struck a strategic merger with Mistral Inc., a Bethesda-based defense prime contractor with active roles in U.S. Department of Defense programs. The acquisition grants Ondas direct entry into military contract vehicles, including weapons systems and unmanned aircraft projects.
Mistral’s portfolio includes prime contracts exceeding $1 billion under indefinite delivery/indefinite quantity (IDIQ) agreements. The deal preserves Mistral’s operational autonomy while integrating its manufacturing and quality assurance capabilities into Ondas’ infrastructure.
Market reaction has been volatile—ONDS shares rallied over 1,100% in the past year, though analysts caution about overvaluation. The merger positions Ondas as a new player in defense technology supply chains, with immediate access to U.S. Army and Special Operations procurement channels.
