Ondas Launches Long-Range Dronebuster REACH, First Unit Headed to Navy Research
ONDS sits 52% above its 52-week low of $4.95.
Summary
Ondas unveiled Dronebuster REACH, a long-range, non-kinetic counter-drone system that extends its proven electronic attack capabilities beyond handheld range. The first system is under contract for delivery to the Office of Naval Research after acceptance testing, marking an initial government customer for the new product. REACH integrates with Ondas' existing detection and command-and-control software, positioning it within a layered defense architecture. This launch follows a series of acquisitions that have expanded Ondas' defense technology portfolio, and it targets a segment the company says customers have been requesting. The announcement provides a concrete product milestone and a named government contract, though financial terms and order size are not disclosed.
At the time of this announcement, ONDS was trading at $7.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $4.95 to $15.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.