Ondas Shares Jump 10.15% as Scout Targets $9.8B Market and $30M Contract
Shares of Ondas climbed 10.15% after its subsidiary Sentrycs unveiled Scout, a man-portable Counter-UAS system aiming at a $9.8 billion five-year global market. Meanwhile its 4M Defense unit secured a $30 million, three-year demining contract covering 741 Israel-Syria border acres even as JCapital Research flagged concerns over its acquisition-funded growth strategy.
1. Stock Surge on Scout Unveiling
On February 18, Ondas shares rose 10.15% to close at $11.07 after its subsidiary Sentrycs unveiled Scout at the Enforce Tac exhibition in Germany. The man-portable, battery-powered system offers rapid passive detection, tracking, identification, and cyber-based mitigation of drones without fixed infrastructure.
2. Handheld Counter-UAS Market Opportunity
Ondas estimates the five-year total addressable market for handheld Counter-UAS systems at approximately $9.8 billion globally. Scout is pitched to law enforcement, tactical forces, convoy security, VIP protection, border enforcement, and infrastructure patrols with compact, field-deployable solutions.
3. $30M Demining Contract and Bearish Report
Its 4M Defense unit secured a three-year, $30 million contract to clear 741 acres along the Israel-Syria border, one of the largest land-clearance initiatives in the region. Meanwhile JCapital Research raised doubts over Ondas’ acquisition-funded expansion strategy and path to sustained profitability.