Ondas Inc (ONDS) Climbs 8.97% as Firm Ventures Into ‘Near-Space’ Industry

Ondas Inc. (NASDAQ:ONDS) is one of the 10 Stocks With Easy 8-20% Gains.

Ondas saw its share prices jump by 8.97 percent on Thursday to finish at $9.60 apiece as investors cheered its foray into the “near-space” industry with its successful acquisition of a company engaged in flying stratospheric balloons into higher altitudes.

In a statement on the same day, Ondas Inc. (NASDAQ:ONDS) said that it completed the purchase of World View Enterprises Inc.—a pioneer in stratospheric intelligence, surveillance, and reconnaissance (ISR) and high-altitude remote sensing using high-altitude balloons—extending its operational architecture beyond drones and robotics.

Ondas Inc. (NASDAQ:ONDS) said that the acquisition was aimed at creating a unified, multi-domain platform designed to meet the evolving requirements of modern defense and security operations through flying long-endurance, high-altitude sensing capable of persisting over areas of interest over a long period.

Ondas Inc (ONDS) Climbs 8.97% as Firm Ventures Into 'Near-Space' Industry

“Demand for persistent, layered ISR and integrated mission systems is accelerating, driven by active defense modernization programs and increasing operational demand for persistent coverage. We believe Defense and homeland security customers are shifting away from siloed platforms toward software-defined, interoperable architectures capable of delivering continuous intelligence and real-time operational coordination,” Ondas Inc. (NASDAQ:ONDS) said.

“With the addition of World View, Ondas is uniquely positioned to address this need with a unified platform that connects detection, collection, data fusion, and response across distributed environments,” it noted.

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