Ondas (ONDS) on Monday unveiled a $10 million investment in near-space company World View Enterprises, in a bid to strengthen its intelligence, surveillance and reconnaissance (ISR) capabilities and expand its footprint in next-generation airspace defense solutions.
The companies also entered into a partnership to develop integrated, multi-domain solutions for defense and homeland security customers, combining World View’s high-altitude, long-endurance stratospheric balloon systems with Ondas’ unmanned aircraft and autonomous technologies to develop surveillance and counter-drone technologies.
The companies will focus on joint solution design, mission applications, data integration, and go-to-market strategies. Their target customers include U.S. Defense and Homeland Security agencies, allied governments, and critical infrastructure operators.
ONDS shares traded 4% higher in pre-market trading.
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