Ondas, a provider of autonomous systems and private wireless solutions, announced it has entered into a merger agreement to acquire U.S. defense prime contractor Mistral Inc., valued at approximately $175 million. The deal will see Mistral merge with a subsidiary of Ondas while continuing to manage its existing contract administration responsibilities.
The acquisition is designed to expand Ondas’ presence within the U.S. Department of Defense and federal contracting ecosystem by leveraging Mistral’s long-standing role as a prime contractor supporting military, federal, and public safety programs. Mistral currently serves as a prime contractor on more than $1 billion in indefinite-delivery, indefinite-quantity contracts and other U.S. Department of Defense programs tied to weapon systems, unmanned aircraft systems, and drone platforms.
Through the transaction, Ondas will gain direct prime contractor access to U.S. Army and U.S. Special Operations procurement vehicles, as well as U.S.-based manufacturing, integration, and federal contracting infrastructure. Mistral’s operations include manufacturing, assembly, integration, and quality assurance capabilities designed to support defense sourcing requirements and rapid deployment of mission equipment.
The combined company will integrate Ondas’ portfolio of autonomous aerial and ground systems with Mistral’s government contracting expertise and integration capabilities. Ondas said this will support the deployment of technologies such as counter-drone platforms, robotic systems, and intelligence, surveillance, and reconnaissance solutions into U.S. military, homeland security, and public safety programs.
Mistral’s experience includes unmanned systems procurement, defense electronics integration, survivability and mobility enhancements, and lifecycle sustainment services. The company also provides systems integration and mission equipment support for operational units under U.S. Army and U.S. Special Operations Command contract vehicles.
Ondas said the acquisition aligns with its strategy to transition from standalone system deployments to structured participation in multi-year Department of Defense contract vehicles and programs of record. The deal is expected to enhance the company’s ability to compete for large-scale government programs while expanding manufacturing and program execution capabilities in the United States.
KEY QUOTES:
Mistral brings decades of trusted performance supporting U.S. defense and public safety customers, along with a highly experienced team that has repeatedly demonstrated its ability to introduce advanced technologies into operational programs. The company has a strong track record capturing and executing large government programs and integrating mission-critical systems for the U.S. military and federal agencies. By combining Mistral’s proven prime contractor capabilities and program expertise with Ondas’ expanding portfolio of autonomous air and ground platforms, we believe we are well positioned to deliver integrated mission solutions directly to U.S. defense customers while expanding our manufacturing and program execution capabilities in the United States.
Eric Brock, Chairman And CEO Of Ondas
Joining Ondas represents an exciting new chapter for Mistral. Our team has spent decades supporting critical defense and public safety programs, and the addition of Ondas unique autonomous systems solutions allows us to expand those capabilities while continuing to deliver the reliability and execution our customers expect. With the additional scale, technology portfolio, and global reach of Ondas, we are even better positioned to support our domestic defense customers, industrial base, and industry partners as mission requirements continue to evolve.
Eyal Banai, CEO Of Mistral Inc.
