Stock Spotlight: Ondas Holdings (ONDS) on the Rise

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Ondas Holdings (ONDS) recently secured a $3.5 million order from a leading defense entity for its ground robotics and payload systems, which will enhance security, logistics, and tactical operations. This follows the appointment of Brigadier General Patrick Huston, U.S. Army, to its Ondas Autonomous Systems (OAS) Advisory Board, effective in late September 2023.

On October 2, Ondas announced an initial order for 500 Wasp Attritable Drones from Rift Dynamics, designed to meet urgent U.S. Department of War requirements for mass production. The company plans to distribute these drones through American Robotics, its exclusive U.S. distributor, tapping into a manufacturing capability of 20,000 units per month.

As part of its strategy to unify a comprehensive systems-architecture, Ondas is acquiring Sentrycs, a leader in counter-UAS cyber technology, expanding its global reach across over 25 countries. The acquisition will enhance its existing counter-UAS capabilities and drive innovation in defense technology.

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