Ondas Secures Initial Purchase Order For Iron Drone Raider Systems For Military Deployment; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings Inc. (NASDAQ:ONDS) has secured an initial purchase order for its Iron Drone Raider systems from a military customer. The systems will be used for military defense to counter hostile drones. Additional orders are expected in the second half of 2024 based on operational success.
July 22, 2024 | 12:35 pm
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Ondas Holdings Inc. has received an initial purchase order for its Iron Drone Raider systems from a military customer. This positions Ondas as a key player in the $1.6 billion counter-drone market, with additional orders expected in the second half of 2024 based on operational success.
The initial purchase order from a military customer is a significant milestone for Ondas, positioning it as a prime defense contractor in the counter-drone market. The potential for additional orders in the second half of 2024 based on operational success further enhances the company's revenue prospects.
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