$Ondas(ONDS.US)Ondas's strategy for participating in the Department of War's drone testing competition was not to bid under its own name alone. Instead, through holding companies (DFG), deep investments (PDW), technology enablement (Anno.Ai), and channel representation (Darley), it secured 4 out of the 25 shortlisted companies.

This setup ensures that no matter which type of low-cost drone the U.S. military ultimately chooses (whether it's the heavy-lift PDW, the inexpensive DFG, or the autonomous Darley/Wåsp), Ondas can maximize its financial returns through patent licensing, supply of core components, or direct consolidation of earnings.