Ondas Shares Drop 5% Despite Securing $165 Million in New Defense Orders

Key Facts

1Ondas secured $165 million in new orders to boost its defense portfolio.

2Ondas shares fell 5% amid a sector-wide selloff affecting defense stocks.

3AeroVironment and Red Cat Holdings also saw their shares drop by 5% during the session.

Ondas secured $165 million in new orders to boost its defense portfolio, 247wallst.com reported. Despite the contract wins, Ondas shares fell 5% during the session amid a sector-wide selloff affecting defense stocks, with peers AeroVironment and Red Cat Holdings also recording similar 5% declines.

ONDS closed at $7.41 on October 6, 2026, while AVAV closed at $143.54 and RCAT closed at $6.34 on the same date. Eric Brock, Chairman and CEO of Ondas, stated that the strength of order activity demonstrates increasing demand across the portfolio, noting that the ULTRA and IonStrike programs are advancing through validation milestones.