Ondas Stock Climbs After Navy Balloon Deal — Why ONDS Is Back in Focus
Ondas Inc. shares were last quoted up about 2% at $13.76 just before Tuesday’s U.S. close, after the defense-technology company said its World View unit had been picked for a U.S. Navy-linked maritime surveillance program. The stock traded between $13.11 and $14.15, with volume above 80 million shares. The move came on a mixed tape. Reuters market data showed the S&P 500 slightly higher and the Nasdaq Composite slightly lower around the same period, keeping the day’s focus on company-specific defense and drone news rather than a broad market lift.
