Ondas' Rift Dynamics Partnership to Include Nammo to Collaborate on Drone for Exclusive Sale in US

MT Newswires Live
Oct 13

Ondas Holdings (ONDS) said Monday it expanded its partnership with Rift Dynamics to include Nammo Raufoss to work on a fully integrated "Wasp" drone with munition payloads that will be sold exclusively in the US by Ondas unit American Robotics.

The combination of Nammo's warheads with Rift's Wasp platform provides a drone system for fast scale-up and mass deployment, Ondas said.

The partnership builds on the go-to-market progress that Rift and Nammo already advanced in Norway, according to Ondas.

The company added that the US collaboration ensures Made in America compliance for defense procurement while keeping scale and affordability through Nammo's American production capacity.

Ondas shares were up 8% in recent trading.

Price: 9.96, Change: +0.73, Percent Change: +7.97

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