Ondas Holdings Inc. (ONDS) stock surged 5.71% in pre-market trading on Monday, following the announcement of a significant purchase order for its counter-drone systems. The company secured an approximate $8.2 million order from a major European security agency, boosting investor confidence in its growth prospects.
The purchase order involves the deployment of multiple Iron Drone Raider counter-UAS systems for protecting one of Europe's largest international airports. Ondas Holdings' subsidiary, Airobotics, will serve as the prime contractor, overseeing system integration, installation, and operational readiness across the airport perimeter. The Iron Drone Raider is an autonomous system designed to detect and intercept unauthorized drones, providing round-the-clock protection for critical infrastructure.
This substantial order marks a significant milestone for Ondas Holdings, potentially opening doors to further contracts in the growing market for counter-drone technologies. As concerns about unauthorized drone activity near sensitive locations continue to rise, the company's advanced solutions could see increased demand from airports, government agencies, and other critical infrastructure operators worldwide. Investors appear to be reacting positively to this development, as reflected in the pre-market stock surge.