Ondas Holdings Inc. (NASDAQ:ONDS) is one of the Hot Growth Stocks to Invest in Now. On October 13, Ondas Holdings Inc. (NASDAQ:ONDS) expanded its partnership with Rift Dynamics. The partnership now includes Nammo Raufoss as well, which is an advanced munitions provider with a strong manufacturing presence in the United States.
Under the extended collaboration, all the companies will develop fully integrated Wasp Drones with munition payloads. These upgraded Wasp drones would then be sold exclusively in the United States by Ondas Holdings Inc.’s (NASDAQ:ONDS) American Robotics subsidiary. Management noted that the updated system, which combines Nammo’s warhead with Rift’s Wasp platform, will deliver NDAA-compliant systems capable of rapid scale-up and mass deployment.
Eric Brock, CEO and Chairman of Ondas Holdings Inc. (NASDAQ:ONDS), believes that integrating Nammo’s proven munition technology with the Wasp platform would be a game-changer for US defense customers.
Ondas Holdings Inc. (NASDAQ:ONDS) engages in providing drone-based automated data solutions and advanced wireless connectivity.
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Disclosure: None. This article is originally published at Insider Monkey.
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