Ondas acquires INDO Earth Moving Ltd. after $140M military tender award

Ondas Inc. has acquired INDO Earth Moving Ltd., which was recently awarded a $140 million tender as prime contractor for heavy engineering platforms from a major military customer. The program includes delivery of heavy-tracked engineering vehicles over two years and sustainment support for at least four years.

“INDO brings a proven operational platform and an important $140 million tender with a major defense customer.”ir.ondas.com

• 2 sources
• ir.ondas.comOndas Acquires INDO Earth Moving Ltd. Following its $140 Million Strategic Procurement Tender Award for Military Heavy Engineering Platforms from a Major Military Customer :: Ondas Inc. (ONDS)Mar 17, 2026
• calcalistech.comInsider links surface in Ondas’ Indo acquisition | CtechYuval AzulayMar 19, 2026

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