Ondas (ONDS) said Tuesday it has entered into a definitive agreement to acquire a controlling 51% interest in Israel-based optical components manufacturer SPO Smart Precision Optics.
SPO supplies various Israeli defense corporations, supporting critical security systems ranging from missile defense systems, various armored vehicles, and next-generation high-power weapons, Ondas said.
The acquisition will allow Ondas to support the optical performance required in missile defense and counter-drone systems worldwide, the company said.
Financial details of the stake acquisition were not disclosed.