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Why Ondas Stock Popped by 8% Today

TheMotleyFool

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Like one of the drones using its technology, Ondas's (NASDAQ: ONDS) stock ascended notably across Tuesday's trading session. This was on the back of a new deal a key subsidiary of the company reached with a public-sector client in Europe. That provided enough lift to send its share price nearly 8% higher that day.

Ondas announced that the subsidiary, counter-unmanned aircraft system (C-UAS) specialist Sentrycs, deployed its wares to an office of the German State Police. The systems will be used by the organization to help secure large-scale events. They will also play a role in sensitive missions, the company added.

Image source: Getty Images.

Source Fool.com

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