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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
As drone threats evolve, defense companies are racing to enhance countermeasures. Ondas (ONDS) announced a strategic partnership with Lockheed Martin to integrate Sentrycs' Cyber-over-RF technology into its Sanctum counter-drone system, according to reports.
The partnership adds advanced electronic warfare capabilities to Ondas' existing portfolio. Collaboration with Lockheed Martin, the world's largest defense contractor by revenue, significantly boosts Ondas' credibility. LMT shares closed at $505.02 (June 25 close), while ONDS closed at $7.68 (June 25 close).
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Sign InInvestors will monitor the partnership's impact on Ondas' revenue. The stock traded in a range of $7.31 to $7.94 on the last session. Markets also await further government contracts in the counter-drone sector.