Ondas Gains Over 9% as Secures Iron Drone Contract and $30M Demining Deal
Ondas shares rallied over 9% as renewed fears of US military action on Iran drove demand for counter-UAS and surveillance technology. The company secured a multi-million dollar Iron Drone Raider order from a NATO member and won a $30 million smart demining contract covering 741 acres along the Israel-Syria border.
1. Geopolitical Tensions Drive Share Rally
Ondas shares jumped 9.05% as investors rotated into drone-related defense names on heightened expectations of US military action against Iran. Vice President JD Vance’s remarks that diplomacy with Tehran may reach its “natural end” reinforced demand for counter-UAS and surveillance solutions.
2. Iron Drone Raider Contract Secured
The company announced a multi-million dollar order for its Iron Drone Raider system from a major NATO country for civil infrastructure protection. This win underscores broadening military and critical-infrastructure applications for its counter-drone technology.
3. $30M Smart Demining Award
Ondas’s smart demining subsidiary landed a tender exceeding $30 million to clear approximately 741 acres along the Israel-Syria border. This project ranks among Israel’s largest land-clearance efforts, leveraging the subsidiary’s operationally ready demining platforms.
4. Technical Trends & Analyst Ratings
Shares trade 3.1% above the 20-day SMA and 5.6% above the 50-day SMA, with an RSI of 47.7 signaling neutral momentum and a bearish MACD reading. Analysts maintain buy recommendations, with price targets elevated up to $19, reflecting optimism on growth prospects.