Ondas (ONDS) Stock: Why the Company Just Dropped $390M on a Weapons Tech Firm
TLDR
- Ondas (ONDS) has acquired Israel-based GATE Technologies and affiliated Bron Technologies for $205 million upfront
- The deal includes up to $185 million in earn-out payments tied to financial targets through 2028
- GATE makes Electronic Safe & Arm Devices and fuzing tech used in UAVs, missiles, rockets and loitering munitions
- Ondas expects GATE to generate $65 million in revenue in 2026, rising to $180 million by 2028
- ONDS stock was trading up 2.01% at $7.375 following the announcement
Ondas Inc. (ONDS) announced Monday it has acquired Israel-based GATE Technologies Ltd. and its affiliated company Bron Technologies for $205 million, with potential earn-out payments of up to $185 million tied to performance targets through 2028, bringing the total deal value to $390 million.
ONDS stock was up 2.01% at $7.375 following the news.
The upfront payment breaks down to $105 million in cash and $100 million in Ondas common stock, plus a working capital adjustment. The earn-out portion may be paid in cash or Ondas stock at the companyโs discretion.
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