Ondas Deepens Defense Push With $10 Million World View Investment: ONDS Stock Rises Pre-Market
Synopsis
Summary: Ondas to partner with World View Enterprises to develop surveillance and counter-drone technologies for U.S. Defense and Homeland Security Agencies
Ondas (ONDS) on Monday unveiled a $10 million investment in near-space company World View Enterprises, in a bid to strengthen its intelligence, surveillance and reconnaissance (ISR) capabilities and expand its footprint in next-generation airspace defense solutions.
The companies also entered into a partnership to develop integrated, multi-domain solutions for defense and homeland security customers, combining World View’s high-altitude, long-endurance stratospheric balloon systems with Ondas’ unmanned aircraft and autonomous technologies to develop surveillance and counter-drone technologies.
The companies will focus on joint solution design, mission applications, data integration, and go-to-market strategies. Their target customers include U.S. Defense and Homeland Security agencies, allied governments, and critical infrastructure operators.
ONDS shares traded 4% higher in pre-market trading.
Get updates to this developing story on Stocktwits.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.