Ondas Holdings Inc. (ONDS) stock surged 6.16% in a 24-hour period, primarily driven by a significant new contract announcement. The company secured an approximately $8.2 million purchase order for its counter-drone systems, marking a major win in the European market and boosting investor confidence in its growth prospects.

The order, received from a major European security agency, involves the deployment of multiple Iron Drone Raider counter-UAS systems at one of Europe's largest international airports. Ondas Holdings' subsidiary, Airobotics, will serve as the prime contractor for this project, overseeing system integration, installation, and operational readiness across the airport perimeter. The Iron Drone Raider system is designed to provide 24/7 protection for critical infrastructure against unauthorized drones, demonstrating Ondas Holdings' strong position in the rapidly expanding counter-UAS market.

This contract highlights the growing demand for Ondas Holdings' advanced drone detection and interception technology. As concerns about unauthorized drone activity near sensitive locations continue to rise, the company's solutions could see increased demand from airports, government agencies, and other critical infrastructure operators worldwide. Investors appear to be reacting positively to this development, seeing it as a sign of Ondas Holdings' potential for future growth and increased market share in the security technology sector.