Ondas’ Iron Drone Raider Secures Major Defense Contract, Expands Military Protection System
• Ondas Holdings Inc. (ONDAS) secured several initial orders in the defense market, totaling approximately $14.4 million, in the third quarter of 2024.
• The Iron Drone Raider systems are being deployed as a core element of a multi-layered homeland security infrastructure to protect critical locations, assets, and populations.
• The company prioritized this development to meet urgent security needs related to ongoing geopolitical conflicts across the world.
• The Iron Drone Raider system is a unique, AI-integrated interception drone system that enables the neutralization of hostile drones to protect borders and infrastructure.
• The expansion of the initial purchase order received from a government military customer reflects the urgent need for Ondas’ innovative counter-drone system Iron Drone Raider system.
• Additional volume orders are expected in the second half of 2024 based upon combat success.
