Ondas Holdings Inc. (ONDS) stock surged 5.71% in pre-market trading on Monday, following the announcement of a significant new contract. The company has secured an approximately $8.2 million purchase order for its counter-drone systems, marking a major win in the European market.

The order comes from a major European security agency and involves the deployment of multiple Iron Drone Raider counter-UAS systems at one of Europe's largest international airports. Ondas Holdings' subsidiary, Airobotics, will serve as the prime contractor for this project, overseeing system integration, installation, and operational readiness across the airport perimeter.

This contract highlights the growing demand for Ondas Holdings' advanced drone detection and interception technology. The Iron Drone Raider system, designed to provide 24/7 protection for critical infrastructure against unauthorized drones, demonstrates the company's strong position in the rapidly expanding counter-UAS market. Investors appear to be reacting positively to this news, seeing it as a sign of Ondas Holdings' potential for future growth and increased market share in the security technology sector.