Ondas Holdings Inc (NASDAQ:ONDS) shares rose 2.3% in premarket trading Monday after the company disclosed it had booked in excess of $40 million of new defense orders in June. That inflow helped lift the company's second-quarter order activity to more than $150 million.
The orders announced for June encompass a range of autonomous defense offerings, including Counter-UAS systems, Loitering Munition Systems, ground systems and associated defense services. They were awarded by governmental and defense customers across several international markets. The June bookings follow more than $30 million in orders the company reported having secured in May.
Ondas also said Rotron Aerospace, its United Kingdom-based subsidiary, recently completed a flight trial of the SkyLance system under the UK Ministry of Defence's Project Brakestop, a program oriented toward advancing long-range strike capability. SkyLance is described by the company as a one-way-effect system that pairs operational range with precision engagement capability.
Eric Brock, Ondas' chairman and chief executive officer, framed Counter-UAS as an urgent government priority amid accelerating drone threats. He added that the company is observing demand coalescing around Loitering Munition Systems and long-range precision engagement, with particular interest coming from Europe and the United States.
The company positions its autonomous defense platform to address the full engagement cycle - detection, intelligence, protection and engagement. Ondas' Counter-UAS technology is aimed at defending against hostile drones, while its Loitering Munition Systems are intended to provide precision strike options.
Ondas supplies autonomous drone systems and other advanced defense technologies to governmental and defense customers. Its stated technology portfolio includes aerial intelligence and robotic platforms, electronic warfare technologies and AI-powered command-and-control software.
Context and implications
The recent order activity underscores growing procurement interest from government and defense buyers in autonomous and counter-drone capabilities. Deliverables span both detection and strike-related systems, indicating a mix of product and service revenue opportunities for Ondas.
While the company confirmed the scale of orders and the completion of a flight trial, the announcement did not detail delivery schedules, contract durations or the specific national customers involved beyond noting international markets.