Ondas reaches merger agreement with Mistral Inc.
Ondas reaches merger agreement with Mistral Inc.
Evidence notes
- Ondas entered a definitive merger agreement to acquire U.S. defense prime contractor Mistral in a transaction valued at $175 million.
- Mistral adds U.S. federal contracting access, domestic manufacturing and integration infrastructure, and positions on more than $1 billion of IDIQ and other defense contracts.
- Ondas said the combination is intended to accelerate autonomous aerial, ground, counter-UAS and ISR systems into U.S. military and public-safety programmes.
Company context
Public autonomous-defense and industrial-intelligence platform built through acquisitions across drones, counter-UAS, ground robotics, ISR, mission software and private wireless networking. The DZYNE acquisition adds long-endurance ISR aircraft, counter-UAS systems and autonomous effects.