Ondas Holdings Inc. (NASDAQ: ONDS) surged 5.08% during Wednesday's intraday trading following a significant announcement from the company. The sharp rise reflects investor optimism tied to a material development for the autonomous systems provider.

The company's Ondas Autonomous Systems unit was selected as the prime contractor for a multi-year government program to develop and deploy an autonomous border-protection system using thousands of drones. The program, expected to begin with an initial order in January 2026, involves advanced drone technology, AI capabilities, and ground systems integration. This contract positions Ondas as a key player in national security solutions.

Analysts view the award as a validation of Ondas' technological leadership and a potential revenue driver. The stock's performance outpaced broader market trends, underscoring the market's positive reaction to the news.