ONDS Stock Jumps As Ondas Lines Up Big Defense Deals
Ondas Inc (ONDS) stock rose 3.71% on news of strategic defense acquisitions. The company is acquiring GATE Technologies, Bron Technologies, and Aran Defense for $205M, with up to $185M in earn-outs. Management expects $130M in adjusted EBITDA from these deals by 2028. ONDS reported $83.8M in revenue and a net loss of $88.6M in the latest quarter. Roth Capital reiterated a Buy rating and $13 price target.



