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Citizens is excited about Ondas stock after starting to follow it and announcing a $56 million defense contract.

DealRead the original at Benzinga
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Ondas won a $56 million European defense order tied to a loitering munition program, expanding its precision-weapons work. Its recent purchases also required cash or stock and may bring earnouts, but the order and added defense reach make the news favorable.

ONDS · Ondas Inc.

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The order adds work in precision weapons and extends Ondas’ reach into European defense. Its three recent purchases required cash or stock and may bring earnout payments. The acquired businesses’ technologies are expected to be combined with Ondas’ platforms, so that work is not yet complete. The new order and added defense reach make the story favorable, though the source gives no profit details.

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