Ondas (ONDS) Acquires INDO Earth Moving Following $140M Military Heavy Engineering Tender

Ondas Inc. (NASDAQ:ONDS) is one of the best NASDAQ stocks under $30 to buy. On March 17, Ondas announced the acquisition of INDO Earth Moving Ltd., a company that specializes in heavy engineering equipment for military and national infrastructure. This acquisition follows INDO’s recent $140 million contract award from a major military customer to provide a fleet of heavy-tracked engineering vehicles along with long-term maintenance and logistics support.

The program is expected to begin generating revenue in Q2 2026, with vehicle deliveries spanning two years and sustainment services continuing for at least four years. This move positions Ondas to act as a prime contractor for large-scale military engineering programs while integrating INDO’s hardware expertise with Ondas’ existing robotics and autonomous technologies.

By combining these assets, Ondas Inc. (NASDAQ:ONDS) aims to evolve traditional engineering vehicles into robotic platforms capable of autonomous navigation and remote operation. This integration is designed to enhance safety and effectiveness in demanding environments such as route clearance, obstacle breaching, and defensive construction. Ondas expects significant synergies between INDO and its current autonomous units, including Roboteam, Apeiro, and 4M Defense.

Ondas Inc. (NASDAQ:ONDS) is a technology company that offers private wireless, drone, and automated data solutions through the Ondas Networks and Ondas Autonomous Systems segments.

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