Ondas Inc. and Palantir Launch Regna AI to Deliver Sovereign Defense Intelligence

Key highlights

• Formation of Regna AI as a standalone company owned by defense partners and governments
• Deployment on Palantir AIP, Foundry, and Apollo for secure data orchestration and edge execution
• Reported pro forma backlog of $757 million as of mid-2026 with $270 million in new bookings
• Initial focus on Intelligence, Surveillance, and Reconnaissance (ISR) for multi-domain mission workflows
• Targeted IL4/5 accreditation within weeks through the Palantir FedStart program

What Is the Partnership?

Ondas Inc. and Palantir Technologies have officially launched Regna AI, a standalone company engineered to provide sovereign AI capabilities for the defense sector. This strategic alliance integrates Palantir’s Artificial Intelligence Platform (AIP) with Ondas' operational expertise in autonomous systems and mission workflows. Regna AI is designed to help government agencies maintain absolute ownership over their AI models and sensitive mission data by utilizing fine-tuned open-weight models. The venture bridges a critical gap in the defense market by offering a purpose-built sovereign AI layer that can be deployed within secure customer environments, including on-premises and disconnected edge locations.

Sovereign AI and Technology Unlocks

The initial focus of the partnership is on Intelligence, Surveillance, and Reconnaissance (ISR), which serves as the entry point for broader mission areas. By utilizing post-trained open-weight models, Regna AI allows for rapid accreditation—targeted within weeks through the Palantir FedStart program—and local execution on edge hardware. This technology enables military and industrial operators to task, collect, and track data even in environments with denied, degraded, or intermittent connectivity. Beyond ISR, the platform is slated for expansion into critical infrastructure and security markets where data sovereignty and model ownership are prerequisites for the adoption of advanced automation.

Ondas Business Overview

Ondas Inc. operates as a leading provider of private wireless data and autonomous drone solutions through its core business units, Ondas Networks and Ondas Autonomous Systems. The company specializes in mission-critical applications for the transportation, energy, and government sectors, featuring a technology portfolio that includes the SkyWeaver autonomous platform and RailNET wireless architecture. By serving as the anchor customer for Regna AI, Ondas intends to integrate advanced AI orchestration directly into its existing autonomous mission workflows. This integration is expected to enhance real-time decision-making capabilities for global defense partners and critical infrastructure operators utilizing Ondas hardware systems.

Financial Context and Profitability Outlook

As of June 30, 2026, Ondas reported a pro forma backlog of $757 million, supplemented by an additional $270 million in bookings secured between June and early October 2026. Management has established a roadmap for profitability, targeting adjusted EBITDA breakeven at the operating platform level by the fourth quarter of 2026, with company-wide breakeven projected for the fourth quarter of 2027. Ondas is scheduled to report its third-quarter 2026 financial results on November 12, 2026. The stock currently maintains a market capitalization of approximately $3.8 billion, reflecting its position within the communication equipment industry as it scales its AI-enabled service offerings.

Up 0.6% since our story on 13 Oct: $6.67 when we broke it → $6.71 at the close on 13 Oct. Daily closing prices. Source: Yahoo Finance.

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14 Sep	$7.23
15 Sep	$7.24
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9 Oct	$6.73
12 Oct	$6.67
13 Oct	$6.71

Defense Industry Landscape

• High-value mission data faces security boundaries that prevent the use of standard commercial cloud AI providers
• Commercial AI providers typically own the models they train, allowing them to modify or restrict access at their discretion
• Developing foundational AI models from scratch remains cost-prohibitive, with expenses ranging from hundreds of millions to billions of dollars
• Sovereign AI layers enable governments to utilize open-weight models while maintaining local control over mission-critical intelligence
• The U.S. AI Action Plan has increased support for open-weight models to ensure transparency and operational resilience in government sectors

Ondas Inc. · financial snapshot

Share price	$6.67
Market cap	$3.8B
Revenue (annual)	$51M
1-month price change	-8.00%
Sector	TechnologyCommunication Equipment

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.