Ondas Wins Multi-Million-Dollar Counter-Drone Contracts in Europe and Asia

Ondas Inc. (Nasdaq: ONDS) announced multi-million-dollar counter-drone contracts in Europe and Asia on Nov. 4, with awards covering equipment for a police organization and an unnamed government customer.

The European contract is for portable Ranger Counter-UAS systems for a major police organization. An unnamed government customer in Asia ordered Iron Drone Raider systems that provide autonomous physical interception of hostile drones.

Ondas characterized the deals as multi-million-dollar contracts but did not disclose an exact combined value or individual contract amounts. It also did not name either customer, specify order quantities or provide a delivery schedule. The company did not identify the Asian customer’s country.

Ondas Chairman and CEO Eric Brock said, “Counter-UAS is becoming one of the most critical and rapidly growing priorities for defense and homeland security organizations worldwide.”

At the time of the Oct. 30 report on Ondas’ potential sales opportunity under FEMA’s counter-drone grant program, the company had not announced a purchase. The Nov. 4 awards are a separate, confirmed development.