• In June 2026, Ondas Inc. announced more than US$40,000,000 in new orders, launched multiple autonomous defense systems at Eurosatory, and its subsidiary Sentrycs integrated Cyber-over-RF counter-drone technology into Lockheed Martin’s Sanctum platform.
• Together with U.K. subsidiary Rotron Aerospace’s long-range precision-strike flight tests and the ONBERG European joint venture, these moves underline Ondas’ push to embed AI-enabled autonomy and counter-UAS capabilities across key defense markets.
• We’ll now examine how the Sentrycs–Lockheed Martin counter-UAS integration could reshape Ondas’ investment narrative around autonomous defense expansion.

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Ondas Investment Narrative Recap

To own Ondas, you need to believe autonomous systems and counter drone platforms can scale into a more diversified, higher quality revenue base while the company manages dilution and profitability risk. The June 2026 news points to strong order momentum and deeper defense ties, but it does not remove the key near term risk around integrating rapid growth and past losses into consistent, cash backed earnings.

The Sentrycs integration into Lockheed Martin’s Sanctum platform looks especially relevant, because it could reinforce Ondas’ positioning in layered counter UAS solutions at a time when consensus already sees OAS as the main growth engine. If this collaboration leads to larger, repeatable programs alongside the ONBERG European JV, it may strengthen the backlog story that underpins expectations for rising revenue and better operating leverage.

Yet, against this progress, investors should be aware that equity issuance and the potential for ongoing dilution could still...

Ondas' narrative projects $1.0 billion revenue and $114.4 million earnings by 2029. This requires 119.3% yearly revenue growth and a $19.8 million earnings decrease from $134.2 million today.

Uncover how Ondas' forecasts yield a $20.12 fair value, a 157% upside to its current price.

Exploring Other Perspectives

Before this news, the most optimistic analysts were assuming revenue could reach about US$816 million by 2029, which is far more bullish than the baseline view and leans heavily on faster adoption of Ondas’ full stack counter drone offering and larger multi year programs, so you should recognise that opinions differ widely and be open to how these expectations might shift as the new Lockheed Martin work and June order wins are digested.

Explore 14 other fair value estimates on Ondas - why the stock might be worth over 3x more than the current price!

Decide For Yourself

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Ondas research is our analysis highlighting 5 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Ondas research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Ondas' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.