Market OpportunityONDS revealed a drone opportunity pipeline of $365M, composed of about half of counter-drone and the other half traditional autonomous drones.
Product DemandManagement noted $9M of purchase orders for Iron Raider, reflecting its expected effectiveness and need in current conflict zones, with potential applications expanding beyond military in future years.
Revenue GrowthOndas Autonomous Systems is securing key wins and is likely to ramp revenue from existing customer fleet expansion and new customers, including an initial order for Iron Drone for counter-drone defense.