What Happened
Former Mossad Chief Joins Company Amid Rapid Expansion
Ondas, a US-listed defense holding company, is rapidly expanding its presence in Israel’s defense industry by recruiting senior officials from the country’s defense establishment. Former Mossad chief David Barnea has joined as chairman and president, while former DDR&D head Yehuda Almakias is set to become a vice president. The company is also bidding for control of mPrest, a Rafael subsidiary that develops command-and-control systems for the Iron Dome air defense system. This move is part of Ondas’ strategy to build a major defense technology group through acquisitions, as reported by Calcalist.