Ondas Backs AI Counter-Drone Startup FPF Defense
Ondas Inc. (NASDAQ: ONDS ) and RSE Ventures have co-led a strategic investment in FPF Defense, a defense technology company developing autonomous counter-drone systems, the companies announced Friday. Financial terms were not disclosed. The investment will support development of FPF’s SmartFlak counter-unmanned aerial system, which uses the Hammerhead autonomous interceptor to target Shahed-class one-way attack drones. FPF said the system is designed to address the cost gap between low-cost attack drones and traditional missile interceptors. As part of the deal, FPF will relocate its headquarters to West Palm Beach, Florida, joining Ondas as the companies work to expand the region’s defense technology ecosystem. “Ondas is focused on solving the most critical challenges in autonomous and counter-drone warfare, and we uphold the highest standards for the teams we partn...
Ondas Inc. (NASDAQ: ONDS ) and RSE Ventures have co-led a strategic investment in FPF Defense, a defense technology company developing autonomous counter-drone systems, the companies announced Friday. Financial terms were not disclosed. The investment will support development of FPF’s SmartFlak counter-unmanned aerial system, which uses the Hammerhead autonomous interceptor to target Shahed-class one-way attack drones.
FPF said the system is designed to address the cost gap between low-cost attack drones and traditional missile interceptors. As part of the deal, FPF will relocate its headquarters to West Palm Beach, Florida, joining Ondas as the companies work to expand the region’s defense technology ecosystem. “Ondas is focused on solving the most critical challenges in autonomous and counter-drone warfare, and we uphold the highest standards for the teams we partner with,” Ondas CEO Eric Brock said. ” FPF is led by former Acting Secretary of Defense Christopher C.
Miller. S. manufacturing supply chain. 5% on Friday.
48%. 92. 50. 07.
This setup points to a short-term rebound within a weaker intermediate trend. The longer-term outlook remains cautious. The 50-day moving average is still below the 200-day moving average. A death cross formed in July, reinforcing the bearish trend.
74. That signals neutral momentum. As a result, the stock could continue trading in a range until a stronger trend emerges. 50.
That level aligns with the 200-day exponential moving average. 00. 28, reached in January. Earnings And Analyst Outlook Ondas is expected to report quarterly results on Aug.
11. Analysts expect a loss of 6 cents per share, compared with a loss of 8 cents a year earlier. 27 million. 50.
Recent analyst actions include Needham lowering its price forecast to $19 on July 7 while maintaining a Buy rating. Needham reiterated a Buy rating with a $23 price forecast on May 19. Northland Capital Markets raised its price forecast to $18 on March 26 while maintaining an Outperform rating. The Funds Most Invested In Ondas Ondas is a significant holding in several thematic exchange-traded funds.
67% weighting in the REX Drone ETF (NASDAQ: DRNZ ). 07% of the Leverage Shares 2X Long ONDS Daily ETF (NASDAQ: ONDG ). Large inflows or outflows in these funds could influence trading activity in ONDS shares. 92 at the time of publication on Friday, according to Pro data.
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