Ondas Holdings Inc. (ONDS), a provider of private wireless, drone, and automated data solutions, saw its shares rise 6.7% in late trading on Monday. The surge followed an announcement that its intelligent demining subsidiary, 4M Defense, secured a multi-year contract valued at over $30 million to conduct a large-scale demining operation in Israel.

The project is described as one of the largest land clearance initiatives ever undertaken in Israel. It will cover an area of approximately 741 acres along the Israel-Syria border.