Ondas (ONDS) Holdings Hits Fresh High on Aggressive Defense Market Expansion

Core Insights - Ondas Holdings Inc. (NASDAQ: ONDS) has achieved a record high following its strategic acquisition of 500 Wasp drones to enhance its presence in the US defense market [1][3]. Group 1: Company Developments - The initial order of 500 drones is part of a scalable program aimed at providing cost-effective and operationally efficient drone systems to US defense customers [2]. - American Robotics, a subsidiary of Ondas Holdings, is the exclusive US distributor for the Wasp drone platform, which is designed to meet the urgent needs of the Department of War for affordable attritable systems [3]. - Production of the initial order will be managed by Kitron, a prominent defense electronics manufacturer with facilities in the US, enabling rapid scaling of production [3][4]. Group 2: Market Demand and Production Capacity - There is an increasing demand from the US Department of War and allied defense forces for mass-affordable attritable platforms, which the Wasp drone is engineered to fulfill [5]. - Ondas Holdings expects to scale production to over 20,000 units per month globally within six months of the order, with initial deliveries anticipated in the fourth quarter of the year [4][5].