Ondas Holdings Inc. failed to advance in the Pentagon’s Gauntlet II competitive trial. This selection process supports the multi-billion dollar Drone Dominance initiative.
The program seeks to fund manufacturers to build hundreds of thousands of low-cost drones. The U.S. military requires these units to be domestically produced.
The elimination removes a significant revenue catalyst for the company’s American Robotics subsidiary. Ondas was previously considered a top contender in the highly competitive selection process.