Ondas Wins NFL Counter-Drone Deal to Protect Jaguars' EverBank Stadium
ONDS has more than doubled off its 52-week low of $3.2 on light trading volume (0.1× avg).
Summary
Ondas secured a contract to deploy its Sentrycs counter-drone system at the Jacksonville Jaguars' EverBank Stadium for NFL game days. This is a new, tangible commercial win in the sports venue security vertical, adding to the company's growing defense and security portfolio. The deal follows a string of major acquisitions and record Q1 results, reinforcing Ondas's expansion into high-profile public safety applications. With earnings due August 13, this contract win provides a positive operational update ahead of the report.
At the time of this announcement, ONDS was trading at $9.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $3.20 to $15.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.