Ondas Holdings (ONDS) Surges 10.5% After Bagging New Govt Contract

We precocious published 10 Stocks Stealing Market Spotlight. Ondas Holdings Inc. (NASDAQ:ONDS) is 1 of the champion performers connected Wednesday.

Ondas Holdings extended gains for a 2nd time connected Wednesday, jumping 10.53 percent to decorativeness astatine $8.92 apiece pursuing announcements that it won the bidding for the improvement of an autonomous borderline extortion strategy for a authorities entity.

In a statement, Ondas Holdings Inc. (NASDAQ:ONDS) said that the company, done its concern unit, Ondas Autonomous Systems, was chosen by an undisclosed authorities entity arsenic the premier contractor for the design, development, and integration of a full-scale drone-based autonomous borderline extortion strategy for some fixed and mobile environments.

The strategy volition alteration 24/7 ISR, autonomous swarm deployment, and accelerated detection and mitigation of crushed and aerial threats crossed analyzable terrain and high-activity borderline zones. All sensors, effectors, and ngo operations volition beryllium unified nether a centralized command-and-control architecture.

The programme is expected to statesman adjacent period and completed successful 2 years. Development volition beryllium implemented successful aggregate phases.

“This programme builds straight connected our planetary momentum and accelerates our strategy to present integrated, mission-ready autonomous solutions to defence and homeland information customers,” said Ondas Holdings Inc. (NASDAQ:ONDS) Chairman and CEO Eric Brock.

Copyright: bluebay / 123RF Stock Photo

For his part, OAS co-CEO Oshri Lugassy said that by combining OAS’ autonomous platforms with capabilities from its partners, the institution “will present a highly automated borderline extortion architecture susceptible of swarm deployment, accelerated menace interception, and persistent ISR.”

While we admit the imaginable of ONDS arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.