Ondas to acquire Aran Defense for about $33 million in cash or stock
ONDS•Aran Defense revenue outlook and strategic purpose
Aran Defense revenue rose to about $17 million in 2025 from about $12 million in 2024; 2026 revenue is seen at about $26 million.
The transaction is aimed at scaling production for Ondas’ autonomous defense systems in Israel, including counter-UAS and ISR platforms.
Ondas to buy Aran Defense to expand defense manufacturing
Ondas agreed to buy Aran Defense, the defense division of Israel’s Aran, to expand local engineering and manufacturing capacity.
Purchase price was set at about $33 million in cash or Ondas common stock, subject to working-capital and customary adjustments.
The deal values Aran Defense at about 1.3x expected 2026 revenue; closing is targeted for Q3 2026.
