Mentioned:
Ondas Holdings is making a bet on something new: unmanned ground vehicles.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) has entered into a new deal to acquire tactical unmanned ground vehicle company Roboteam for $80M USD
By the numbers:
- Roboteam has sold their unmanned ground vehicles in more than 30 different countries around the world
Why it matters:
- Roboteam develops and manufactures leading edge unmanned ground vehicles for military purposes that are capable of performing surveillance and intelligence missions in highly complex environments
Going deeper:
- Roboteam has multiple existing contracts with the United States government including deals with the Marine Corps and the Department of War
- Roboteam has also built a proprietary software platform for operators to use make tactical decisions in real time for their unmanned ground vehicles
