Aerospace Group:

Business/Financial

Ondas To Acquire Mistral, Giving Access To U.S. Prime Contracts, Manufacturing Footprint

By Cal Biesecker

Monday, March 9th, 2026

SHARE:

Ondas To Acquire Mistral, Giving Access To U.S. Prime Contracts, Manufacturing Footprint

UVision's HERO 120 loitering munition. Photo: Mistral Inc.

Ondas Inc. [ONDS] on Monday said it has agreed to acquire Mistral Inc., in a deal that would give it access to more than $1 billion in potential work with the Defense Department and other federal and state customers, and add manufacturing infrastructure. The transaction is valued at $175 million. Mistral, which is based in Maryland, is competing for an Army loitering munition program, and makes counter-drone interceptors, and mobile surveillance systems. The company is also a prime contractor on…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]