Ondas wins counter-drone orders from European police and an Asian government customer
The company is also in talks with the Middle East on a defense deal, but that is not yet a contract.
Chart: ONDS, one-minute prices, three sessions
Ondas has won multi-million-dollar defense contracts in Europe and Asia, the company said. A major police organization in Europe is buying its portable Ranger counter-drone systems. A major governmental customer in Asia is ordering its Iron Drone autonomous interception systems.
Together the two orders show demand for Ondas's counter-drone products in two regions. Chief executive Eric Brock said the contracts show growing demand and a widening international presence. At multi-million dollars, though, the awards are hard to read as a shift in the company's revenue base.
The Middle East is a separate matter. Ondas is in talks there for a defense deal, but that is not a contract. Any revenue from the region depends on the talks turning into an agreement.
The European and Asian orders will count for more if they lead to repeat purchases or larger programs.
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