The program, formally announced after Ondas was named prime contractor in December, aims to create a strong AI-driven security network using thousands of drones.
The autonomous systems developer has secured a $30 million contract for demining land along the Israel-Syria border in Israel, one of the largest projects in the country.
Last week, during its Investor Day, Ondas raised its 2026 revenue outlook to a range of $170 million to $180 million, 25% above its previous $140 million target.
The project, known as Sentinel, is being developed in collaboration with G2 Tech, an Israeli deep-tech AI firm, to create an autonomous perimeter security platform.
The registered direct offering consists of 19 million newly issued ordinary shares, plus pre-funded warrants that allow the purchase of up to about 41 million additional shares.
Truist noted that the firm's expanding global orders and capacity growth are expected to accelerate key segments, particularly in missiles and fire control, which could generate double-digit growth over the coming year.
The deal is aimed at increasing production of the PAC-3 Missile Segment Enhancement interceptor, a key defensive weapon for the Patriot air-and-missile defense system.
The United States and Finland have reached a deal for the U.S. Coast Guard to acquire up to 11 new icebreaker ships, a step intended to strengthen America's presence and security in the Arctic.
Defense ETFs are up since Russian drones breached NATO airspace. Europe and Global-centric ETFs rise, while U.S.-focused funds ride steady contract growth.
Lockheed Martin is countering Boeing's F-47 win with a cost-effective F-35 upgrade that integrates sixth-generation tech, aiming to offer 80% of the F-47's capabilities at half the price.
