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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InOndas Holdings Inc. announced that its subsidiary, 4M Defense, has received an initial $10 million purchase order as part of a larger $50 million demining program. This project is a key component of a $1.7 billion security barrier initiative by the Israeli Ministry of Defense focused on the Eastern Border. The company will utilize AI-enabled robotics and drone technology to clear hundreds of acres of landmines in the region. With this new order, Ondas now holds aggregate tender values of $80 million across its Syrian and Eastern border demining projects. This milestone is expected to significantly boost revenue for the small-cap firm while validating its specialized defense technology. The contract secures a long-term pipeline within a massive infrastructure framework, providing a bullish outlook for ONDS shareholders.