Ondas Inc. (NASDAQ:ONDS) shares are up about 2.9% at last check on Monday following the announcement of a significant initial order valued at around $68 million.

The contract comes under the previously announced multi-year $140 million strategic military engineering program.

This order, which marks the first phase of execution, is expected to enhance Ondas’ role in delivering mission-critical ground systems.

The order is for heavy engineering vehicles designed by Ondas’ subsidiary, INDO Earth Moving. It is set to be delivered in the fourth quarter of 2026.

This milestone reflects Ondas’ expanding capabilities in the defense sector, with additional revenue expected from long-term maintenance agreements and fleet expansion.

Israel's Border Security Program Contract

Last week, the company disclosed a major contract win for its subsidiary, 4M Defense, in a competitive tender for a large-scale demining project.

The award is part of the Israel Ministry of Defense’s $1.7 billion Eastern Border Security Barrier initiative, aimed at strengthening security along roughly 500 kilometers of the country’s eastern frontier.

Technical Analysis

The broader market is experiencing gains, with the Communication Services sector up 0.46% today. Ondas’ performance stands out as it is outperforming its sector, indicating that company-specific factors may be driving the stock’s upward movement.

At $9.34, the ...