Ondas Holdings shares are trading higher after the company announced its wholly-owned subsidiary, Airobotics, received a $5.4 million order for the delivery of multiple Optimus Systems from a major defense customer intended for critical asset protection and border security.
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings' subsidiary, Airobotics, secured a $5.4 million order for Optimus Systems from a major defense customer, boosting Ondas Holdings' stock.
September 30, 2024 | 4:01 pm
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Ondas Holdings' stock is trading higher following a $5.4 million order received by its subsidiary, Airobotics, for Optimus Systems from a major defense customer.
The $5.4 million order from a major defense customer is a significant revenue boost for Ondas Holdings, indicating strong demand for its subsidiary's products. This news is likely to positively impact the stock price in the short term as it reflects growth in the defense and security sectors.
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