Stock Track | Ondas Holdings Soars 5.10% Intraday on $10 Million Defense Contract Win

Stock Track04-20

Ondas Holdings Inc. (ONDS) saw its stock price soar 5.10% during intraday trading on Monday.

The surge followed the company's announcement that its 4M Defense unit secured a $10 million order as part of a $50 million demining program related to the Israeli Ministry of Defense's Eastern Border Security Barrier with Syria. The work will utilize 4M Defense's integrated intelligence platform featuring autonomous ground robotics, aerial drone-based mapping, advanced sensors, and AI-driven data processing.

CEO Eric Brock stated that the contract aligns with the company's strategy to capture a growing share of the market for border security and infrastructure development as governments prioritize these areas.

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