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MarketBeat
Leo Miller

Ouster Soars 27% as DoD Grants First 3D LiDAR Approval for Drones

Ouster DoD OUST United States MarketBeat

Small-cap tech company Ouster (NYSE: OUST) just got a huge boost in its share price, courtesy of the United States Department of Defense (DoD). On June 11, Ouster saw its share price rise by 27% after putting out an important press release. The DoD has tested and approved one of the company’s digital lidar sensors for use in unmanned aerial systems, also known as drones. Below is a breakdown of Ouster and the news that sent shares soaring.

Ouster: Small LiDAR Company With $70 Billion Ambitions

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