Ondas Holdings Inc. (ONDS) experienced a significant surge of 5.09% during Tuesday's intraday trading session.

The sharp increase appears to be driven by the company's announcement that its 4M Defense unit received an initial operational order worth approximately $15.8 million under a large-scale, multi-year demining program in Israel. The contract, awarded through a competitive tender valued at over $30 million, includes milestone-based implementation with an execution period of up to three years and covers about 740 acres along the Israel-Syria border using autonomous robotic systems, aerial drones, and sensing technologies. The agreement also contains options for up to an additional $30 million in follow-on phases over the coming years.

Adding to the positive sentiment, several analysts maintained bullish stances on the stock. Northland Securities reiterated its Buy rating with a $16.00 price target, while Needham maintained its price target at $17.00 per share, providing additional confidence to investors regarding the company's valuation prospects.