Ondas Announces $33 Million Acquisition of Aran Defense Amid Share Price Drop
Ondas Holdings Inc (NASDAQ:ONDS) announced an agreement to acquire Israeli defense company Aran Defense for approximately $33 million. The deal is expected to close in Q3 2026 and aims to expand Ondas' manufacturing capabilities, particularly within Israel's growing defense sector. The acquisition values Aran Defense at around 1.3 times its projected 2026 revenue of $26 million, following significant growth from $12 million in 2024 to $17 million in 2025. The company operates engineering and manufacturing facilities covering a wide range of capabilities including CNC machining, electromechanical assembly, and classified production. Despite the strategic benefits outlined by Ondas' CEO Eric Brock, investors reacted negatively with shares dropping nearly 5% premarket.
Tickers: $ONDS