Ondas Shares Jump 7.5% on European Iron Drone Order and $30M Demining Win
Ondas secured a new multi-million-dollar order for its Iron Drone Raider counter-UAS system from a major NATO-country European customer, following a separate $16.8 million deployment at two international airports. Its smart demining subsidiary won a $30 million multi-year tender to clear 741 acres along the Israel-Syria border over three years.
1. European Counter-UAS Contract
Ondas secured a multi-million-dollar contract for its Iron Drone Raider counter-UAS system from a major NATO-country customer. This award follows a prior $16.8 million deployment at two major European international airports, underscoring growing demand for operationally ready counter-drone solutions in civil infrastructure protection.
2. $30 Million Israel-Syria Demining Tender
Airobotics, Ondas’s smart demining subsidiary, won a $30 million multi-year tender to clear 741 acres along the Israel-Syria border. The program spans a three-year period with options to extend scope and duration, targeting historically contaminated critical regions.
3. Share Reaction and Outlook
Shares of Ondas jumped 7.5% on the news of these contracts, reflecting investor optimism about revenue growth. Analysts estimate next quarter revenue at $27.3 million with EPS loss narrowing to $0.04, while consensus buy ratings target a $13.06 stock price.