# 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.

- Type: Acquisition
- Announced: 2026-03-17
- Where: Israel
- Value: $140.0M
- Status: announced
- Products: heavy-tracked engineering vehicles, military heavy engineering platforms
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ondas Inc.](https://endata.com/companies/16132.md) (acquirer)
- [INDO Earth Moving Ltd.](https://endata.com/companies/90889.md) (target)

## Sources

- [ir.ondas.com](https://ir.ondas.com/press-releases/detail/292/ondas-acquires-indo-earth-moving-ltd-following-its-140), 2026-03-17: "INDO brings a proven operational platform and an important $140 million tender with a major defense customer."
- [calcalistech.com](https://www.calcalistech.com/ctechnews/article/hjx8f6tqbl), 2026-03-19: "The acquisition follows Indo’s win in a strategic tender from a major military customer, the details of which were not disclosed."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.