Ondas Shares Jump 23% on Pentagon Drone Funding and $1B Program
ONDS•Ondas stock jumped 22.96% after reports of potential Pentagon equity investments in drone manufacturers. Backed by FY2027’s defense budget and a $1 billion Drone Dominance Program targeting 300,000 drones by 2027, the funding could accelerate adoption of Ondas’ private wireless and automated data solutions.
1. Stock Reaction and Trading Data
Ondas shares surged 22.96% on Thursday, driven by heavy trading of 7.2 million shares versus a 74.1 million average. The rally pushed the company’s market cap to $5.4 billion and highlighted investor interest in defense technology names.
2. Pentagon Funding Initiative
The Pentagon’s Office of Strategic Capital is exploring equity stakes in domestic drone manufacturers as part of the FY2027 defense budget. The $1 billion Drone Dominance Program aims to field 300,000 low-cost attack drones by 2027, with 49 companies advancing through Phase II qualifying events.
3. Ondas’ Market Position and Outlook
Ondas provides private wireless, drone and automated data solutions, reporting a 31.18% gross margin in its latest period. Potential government backing could accelerate deployment of its next-generation mesh networks for unmanned systems and bolster revenue growth.
