Ondas’ Next Target? Sentry CS—and the Pentagon’s Wallet!

The Q2 2025 earnings call for Ondas Holdings Inc. revealed a strategic inflection point, with management expressing active interest in acquiring Sentry Counter Solutions (Sentry CS), a veteran-owned defense tech company specializing in counter-UAS (C-UAS) and mobile commandand-control systems. This potential deal follows Ondas’ continued efforts to establish itself as a leading player in secure wireless and autonomous systems via its Ondas Networks and Airobotics divisions. Sentry CS’s focus on rapid-deploy tactical ISR, SIGINT, and electronic warfare solutions for U.S. military and federal clients could provide a critical bolt-on capability for Ondas, which is now aiming to expand its military and public safety verticals. With technology compatibility and growing budget allocations for battlefield connectivity, this transaction—if consummated—could offer vertical integration and cross-platform synergies. However, the strategic fit also comes with execution risks. Below, we examine four critical synergy drivers behind why Ondas might pursue this acquisition and what value could be extracted if the companies were combined.