Ondas Stock Climbs After Navy Balloon Deal — Why ONDS Is Back in Focus
Ondas Inc. shares rose about 2% to $13.76 after its World View unit won a $4.8 million U.S. Navy-linked contract for stratospheric balloon maritime surveillance. Trading volume topped 80 million shares. The company reported over $110 million in new orders for the quarter to date and raised its 2026 revenue target to at least $390 million. Ondas held $1.48 billion in cash and equivalents as of March 31.