No Result
View All Result
  • Login
Wednesday, August 26, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Ondas wins $10m tender to clear mines in Israel

by theadvisertimes.com
4 months ago
in Business
Reading Time: 2 mins read
A A
0
Ondas wins m tender to clear mines in Israel
Share on FacebookShare on TwitterShare on LInkedIn



US company Ondas Holdings (Nasdaq: ONDS) announced today that its subsidiary 4M Defense has received an $10 million order as part of the recently announced $50 million demining program related to the $1.7 billion Eastern Border Security Barrier initiative, which includes Jordan and Syria, led by Israel’s Ministry of Defense. Last month Ondas acquired the final 30% of 4M Defense, which it now fully owns and also hired senior figures from Israel’s defense establishment.

The award represents the initial phase of execution under the recently announced tender and expands Ondas’ active demining operations. The contract is part of a broader border security initiative led by the Ministry of Defense, where large-scale land clearance is needed to support development of infrastructure along Israel’s eastern border, including the evacuation of minefields to enable construction of a new security fence system.

The clearance will be carried out using 4M Defense’s integrated intelligence platform, which includes autonomous ground robotics, drone-based mapping, advanced sensing technologies and AI-based data processing. This combination enables systematic scanning, identification and clearance of hazardous areas, while reducing operational risks and improving schedules compared to traditional methods.

With execution now underway, the Eastern Border Security Barrier includes additional stages that will receive approval based on progress on milestones. This is in addition to the $30 million Israel-Syria Border Demining Project announced in March, for which Ondas received a $15.8 million order. This contract, through which 4M Defense will clear mines from 3,000 dunams (750 acres) along the Israel-Syria border, includes the potential for an additional $30 million in follow-on orders in the coming years, representing a program value of up to $60 million.

Ondas chairman and CEO Eric Brock said, “We now have two active land clearing programs underway with 4M Defense with approximately $80 million in aggregate value. These are multi-phase programs with defined expansion pathways, providing both near-term revenue visibility and the potential to grow into larger, long-duration engagements. As governments prioritize border security and infrastructure development, we are positioning Ondas to capture a growing share of this market with proven, deployable solutions.”

Ondas Autonomous Systems co-CEO Oshri Lugassy added, “These programs validate our ability to execute at scale and reinforce the role of 4M Defense within the broader Ondas platform. We are establishing a repeatable operating model for large-scale demining that can be deployed across additional programs and geographies, supported by integrated systems of systems capabilities that bring together aerial intelligence, ground robotics, and advanced sensing into a unified framework.”

Published by Globes, Israel business news – en.globes.co.il – on April 20, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: 10MClearIsraelminesOndastenderWins
ShareTweetShare
Previous Post

Fear of Missing TACO: Why Stocks Are Hitting New Highs Despite War and Oil Shock

Next Post

United Natural Foods is the most overbought consumer staples stock as Q1 earnings roll on (XLP:NYSEARCA)

Related Posts

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

by theadvisertimes.com
August 8, 2026
0

According to average rates from the Zillow lender marketplace, mortgage rates are mixed heading into the weekend compared to Friday....

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

by theadvisertimes.com
August 8, 2026
0

Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to...

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

by theadvisertimes.com
August 8, 2026
0

The Indian stock markets closed in the red, with the newly-launched closing auction session continuing to create a divergence among...

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by theadvisertimes.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

by theadvisertimes.com
August 7, 2026
0

The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the...

Ondo Perps hits  billion in volume weeks after launch

Ondo Perps hits $7 billion in volume weeks after launch

by theadvisertimes.com
August 7, 2026
0

Ondo Finance's derivatives platform has raced past $7 billion in cumulative trading volume, according to data from analytics site DefiLlama,...

Next Post
United Natural Foods is the most overbought consumer staples stock as Q1 earnings roll on (XLP:NYSEARCA)

United Natural Foods is the most overbought consumer staples stock as Q1 earnings roll on (XLP:NYSEARCA)

Artemis Raises M to Cut Security Response Times by 94% Through Autonomous Investigation – AlleyWatch

Artemis Raises $55M to Cut Security Response Times by 94% Through Autonomous Investigation – AlleyWatch

  • Trending
  • Comments
  • Latest
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

August 7, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
Kellogg’s Back to School Snacks Instant Savings: Save  off  Purchase + Deal Scenario!

Kellogg’s Back to School Snacks Instant Savings: Save $10 off $35 Purchase + Deal Scenario!

August 6, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

July 27, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.