NEWS
Ondas Secures Expansion of its Initial Purchase Order of Iron Drone Raider Systems Received from a Major Military Customer for Immediate Deployment
Ondas Holdings Inc. (NASDAQ:ONDS)has received an expansion of its initial purchase order for Iron Drone Raider counter-drone systems from a military customer. The expansion includes additional features and support services for systems to be deployed in military defense activities. The Iron Drone Raider system, described as one of the most advanced counter-drone solutions available, uses AI-enabled sensor technology and a high-speed interceptor drone to neutralize hostile drones.
The expansion order reflects the urgent demand for high-performance counter-UAS systems in response to growing threats from hostile drones. Ondas is positioning itself as a prime defense contractor in the rapidly growing counter-UAS market, which is expected to expand from $1.6 billion in 2023 to $14.9 billion by 2032, with a 27.8% CAGR.
Ondas Holdings Inc. (NASDAQ:ONDS)has received an expansion of its initial purchase order for Iron Drone Raider counter-drone systems from a military customer. The expansion includes additional features and support services for systems to be deployed in military defense activities. The Iron Drone Raider system, described as one of the most advanced counter-drone solutions available, uses AI-enabled sensor technology and a high-speed interceptor drone to neutralize hostile drones.
The expansion order reflects the urgent demand for high-performance counter-UAS systems in response to growing threats from hostile drones. Ondas is positioning itself as a prime defense contractor in the rapidly growing counter-UAS market, which is expected to expand from $1.6 billion in 2023 to $14.9 billion by 2032, with a 27.8% CAGR.
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