World View Secures U.S. Navy Contract for Stratospheric Maritime Surveillance
Jun 7, 2026 (21 hr ago)
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Ondas Holdings’ subsidiary, World View Enterprises, has been selected by the U.S. Naval Forces Southern Command to provide high-altitude balloon systems for critical maritime domain awareness operations.
U.S. Navy Stratospheric Surveillance Contract
- World View Enterprises will provide high-altitude balloon systems for a three-month mission to support intelligence, surveillance, and reconnaissance for counter-narcotics and anti-illegal fishing efforts.1
- The initial contract is valued at approximately $4.8 million and will be executed in partnership with SMX to cover the Eastern Pacific and Caribbean regions.4
Financial Growth and Order Momentum
- Ondas has raised its fiscal year 2026 revenue target to $390 million, representing a projected 670% increase over fiscal year 2025 levels.4
- The company reported a pro forma backlog of $457 million at the end of the first quarter and added $110 million in new orders during the second quarter. [Source: 2]4
Operational Capabilities and Track Record
- World View has successfully completed 140 stratospheric flight operations, demonstrating the ability to carry payloads of up to 10,000 kilograms.3
- The company maintains a history of providing specialized services to major government entities, including NASA, NOAA, the U.S. Department of War, and the U.S. Air Force.3
Corporate Regulatory Filings
- Ondas recently filed a supplement to its registration statement regarding the potential resale of shares by existing shareholders.4
