Defense Tech Boom: Why Ondas' $35M Robotics Bet Could Be a Game-Changer

Ondas Holdings just dropped $35 million into Performance Drone Works, and this move is lowkey reshaping the U.S. defense robotics landscape. Here’s what’s actually happening:

The cash is fueling three critical pushes: ramping up production for PDW’s combat drones (the C100 and AM-FPV platforms are in heavy demand), beefing up the engineering team to crack autonomous systems, and locking in NDAA-compliant domestic supply chains. No outsourcing nonsense.

The timing is chef’s kiss — Ondas just pulled in an $8.2M contract from a European security agency to deploy counter-UAS systems at a major airport. Meanwhile, the company’s hiking its 2025 revenue forecast to at least $36M (originally $25M), with a backlog that’s actually real, not just vaporware.

Here’s the kicker: ONDS shares are up 587% in six months while the broader sector is down 6.7%. The stock’s trading at a 31.3x forward Price/Sales, which is spicy compared to competitors. Revenue visibility is solid through 2025-2026, but at current valuations, you’re basically betting on flawless execution and sustained defense spending.

The defense drone space is getting crowded (Draganfly, Red Cat Holdings), so ONDS needs to stay ahead. This $35M play says they’re serious about it.