Key Highlights
- Ondas Holdings extended gains for a second day on Wednesday, jumping 10.53 percent to finish at $8.92 apiece following announcements that it won the bidding for the development of an autonomous border protection system for a government entity.
- In a statement, Ondas Holdings Inc.
- (NASDAQ:ONDS) said that the company, through its business unit, Ondas Autonomous Systems, was chosen by an undisclosed government entity as the prime contractor for the design, development, and integration of a full-scale drone-based autonomous border protection system for both fixed and mobile environments.
- The system will enable 24/7 ISR, autonomous swarm deployment, and rapid detection and mitigation of ground and aerial threats across complex terrain and high-activity border zones.
- All sensors, effectors, and mission operations will be unified under a centralized command-and-control architecture.
