Ondas Holdings Inc. (ONDS) saw its stock price soar 9.58% during intraday trading on Friday, marking a significant upward movement for the defense technology company.

The surge follows the company's announcement that it received multiple orders totaling approximately $6 million for dozens of its Sentrycs cyber-RF counter-drone systems. These orders came from existing defense and homeland security customers in the Middle East and other regions and are intended for urgent deployment to protect critical infrastructure and strategic facilities.

The company noted that these systems, which detect, track, and take control of unauthorized drones using protocol-based techniques, could serve as initial components for broader counter-drone programs. This development may potentially lead to larger future deployments incorporating additional technologies.