Ondas Targets 10 ULTRA Aircraft a Month by 2028 With Stemme Deal
Photo: TokenPost
Ondas Inc. is targeting production of 10 ULTRA surveillance aircraft a month by 2028 as a proposed acquisition would bring the aircraft’s German airframe maker under its ownership. Ondas announced Nov. 5 that it had signed a definitive agreement to acquire 100% of Stemme GmbH in an all-cash transaction. The company did not disclose the purchase price or financing details. Stemme manufactures the airframe used by ULTRA. Stemme’s design, production and maintenance facilities in Strausberg and Pasewalk, Germany, span about 135,571 square feet combined. The facilities operate at approximately 25% of production capacity, with no current aircraft-output figure disclosed.
Source: TokenPost
