Ondas Holdings Inc. (NASDAQ: ONDS) announced that its Autonomous Systems subsidiary, Airobotics, has secured a new multi‑million‑dollar order for its Iron Drone Raider counter‑UAS system from a major European customer in a NATO country. The contract follows a recent deployment of the system at a major international airport, part of a separate $16.8 million order for two European airports that included $8.2 million for each site. The new order continues the company’s momentum in the civil infrastructure protection market and adds a high‑margin revenue stream to its Autonomous Systems segment.
The addition of this contract strengthens Ondas’ financial profile. Airobotics’ Iron Drone Raider is a high‑margin product, and the new order expands the company’s backlog in a key growth area. Prior orders for airport protection have already generated $16.8 million in revenue, and the new contract is expected to contribute several million more, reinforcing the segment’s contribution to Ondas’ overall revenue growth.
"The rise in hostile drone activity has reshaped security requirements for airports and urban critical infrastructure," said Eric Brock, Chairman and CEO of Ondas. "These regulated environments require counter‑UAS systems that operate safely without disrupting communications or creating collateral risk." Co‑CEO Oshri Lugassy added, "We believe Iron Drone Raider is one of only a few interceptor drone systems deployed operationally at a major European aviation hub. This milestone validates both the maturity of our technology and the strong market demand for civil‑ready counter‑UAS solutions. Iron Drone Raider is designed for real‑time performance in congested civilian airspace, delivering precise, fully autonomous interceptions without collateral risk."
The counter‑UAS market is projected to grow from roughly $2.4 billion in 2024 to over $10.5 billion by 2030, a compound annual growth rate of 27%. Ondas’ recent contract wins, including a multi‑year de‑mining contract in Israel and a strategic defense contract in the Asia‑Pacific region, position the company to capture a larger share of this expanding market. Management has raised its 2025 revenue target to $47.6 million–$49.6 million and its 2026 target to $170 million–$180 million, with EBITDA positivity expected in the second half of 2026. The new order underscores the company’s confidence in sustained demand for its counter‑UAS solutions and its ability to scale its Autonomous Systems business.
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