Ondas Holdings Inc. (ONDS) experienced a significant surge of 5.04% in after-hours trading on Tuesday.

The sharp increase follows the company's announcement that its subsidiary, Sentrycs, has secured multiple multimillion-dollar contracts from federal, state, and local public safety and security organizations. These contracts are for the deployment of counter-drone systems to ensure airspace security during the 2026 FIFA World Cup across North America.

The Sentrycs system will be deployed at most match venues in 16 host cities across the US, Canada, and Mexico to detect, track, identify, and mitigate unauthorized drones around stadiums, fan zones, and related sites. The technology uses Cyber-over-RF technology designed to take control of unauthorized drones without jamming or kinetic measures.