Stock Track | Ondas Holdings Soars 5.13% Intraday on $4.8 Million U.S. Navy Contract Win

Stock Track06-02

Ondas Holdings Inc. (ONDS) saw its stock price soar 5.13% during intraday trading on Tuesday, marking a significant upward movement.

The surge appears to be driven by news that the company's subsidiary, World View Enterprises, secured a $4.8 million contract from the U.S. Naval Forces Southern Command's 4th Fleet and SMX. The three-month operational contract involves deploying high-altitude balloon systems to provide intelligence, surveillance, and reconnaissance support for maritime domain awareness missions focused on counter-narcotics and illegal fishing in the eastern Pacific and Caribbean regions.

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