Ondas Networks Secures U.S. Navy Contract for Stratospheric Surveillance
Jun 8, 2026 (17 hr ago)
Positive
Ondas Networks’ subsidiary, World View Enterprises, has been selected by the U.S. Naval Forces Southern Command to provide high-altitude balloon systems for maritime domain awareness and intelligence operations.
U.S. Navy Stratospheric Surveillance Contract
- World View Enterprises will provide high-altitude balloon systems for a three-month mission under a $4.8 million contract with the U.S. Naval Forces Southern Command and SMX.1
- The program focuses on intelligence, surveillance, and reconnaissance capabilities to support counter-narcotics and anti-illegal fishing missions in the Eastern Pacific and Caribbean regions.4
- World View brings extensive experience to the project, having completed 140 stratospheric flight operations with payloads up to 10,000 kilograms for clients including NASA, NOAA, and the U.S. military.3
Financial Growth and Order Momentum
- Ondas raised its fiscal year 2026 revenue target to $390 million, representing a projected 670% increase over fiscal year 2025 performance.4
- The company reported a pro forma backlog of $457 million at the end of the first quarter and added $110 million in new orders during the second quarter.2
Corporate Strategy and Regulatory Filings
- Chairman and CEO Eric Brock emphasized the company's strategy of expanding its technology portfolio and operational capabilities to meet evolving global customer requirements.1
- The company filed a supplement to its regulatory statement regarding the potential resale of shares by existing shareholders.4
