Mentioned:
One of the most exciting drone companies in North America wants to scale up their sales to the United States government. And now, they’re partnering with a leading defense tech contractor to do it.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) has entered into a new partnership with defense tech integration company Mistral to accelerate drone sales to the United States government
Why it matters:
- Mistral is one of the most important prime contractors for defense tech in the United States and has been directly selling to the American government for more than three decades
Going deeper:
- The new deal between Ondas Holdings and Mistral will span over 36 months and be initially focused on selling their Optimus System and Iron Drone Raider to federal and state government agencies as well as the military
- Drones continue to be on the rise in American politics, which has been largely fuelled by the signing of new executive orders by President Donald Trump that are focused on securing domestic supply chains for military and commercial drones as well as scaling up new drone purchases for national security purposes
