Ondas (ONDS) Stock Price Rises After BIRD Aerosystems Deal Adds Missile-Defense Tech
Shares of Nasdaq-listed Ondas Inc. climbed early Wednesday, after the company announced its acquisition of BIRD Aerosystems—bringing new airborne missile-defense and surveillance capabilities into the fold, and extending a recent streak of deal activity. The stock traded 1% higher at $10.11 in premarket action as of 9:04 a.m. EDT, following a 2.98% gain to $10.01 at Tuesday’s close. That’s notable: Ondas has dropped big defense news three days running, and now investors are watching to see if the small-cap can actually convert deals and incoming orders into steady top-line gains.