On August 4, Ondas Holdings Inc. rose 6.45% in regular trading, trading at $8.705/share, with turnover of $99.81 million. The rally was driven by sustained positive catalysts from the company's counter-drone business and strong order momentum.
On the news front, the company has seen a series of defense-related developments. In late July, Rse Ventures and Ondas co-led a strategic investment in Fpf Defense to develop next-generation counter-drone interceptors. On July 22, Ondas announced $70 million in new orders over four weeks spanning unmanned ground systems, counter-drone systems, and autonomous precision-strike capabilities. Earlier in July, the company acquired Dzyne Technologies for $875.8 million in cash and stock, establishing the Ondas Sentinel division to consolidate its autonomous defense portfolio. Full-year revenue guidance was raised to at least $525 million from $390 million. Additionally, a collaboration with Lockheed Martin integrating Sentrycs cyber-over-RF technology into next-generation counter-drone systems further underscores growing institutional confidence in the platform.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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