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Ondas Inc. (NASDAQ:ONDS) rises 5% on Australian drone contract, outpacing deal value in market cap gains

Ondas shares climbed by approximately $197 million in market capitalization on Monday after receiving a $6.9 million Australian defence order. The initial calculation shows the increase is 28.5 times the contract amount.

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DronesNASDAQ:DZYNENASDAQ:ONDS

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