Ondas Holdings: A German Airframe Deal, a Ten-a-Month Ambition and a November Date With Investors

Ondas Holdings has moved on two fronts in the space of a week, pairing a European counter-drone order book with a binding agreement to buy the German airframe maker behind its ULTRA surveillance aircraft. The company disclosed on Thursday that it intends to take full ownership of Stemme GmbH, paying entirely in cash, in a transaction it expects to close in the first quarter of 2027.

The deal covers 100% of the German company, which builds the airframe for ULTRA. Ondas frames the purchase as the industrial backbone for a sharp ramp-up of its US manufacturing base, with a target of turning out ten ULTRA aircraft per month by 2028. Completion remains subject to customary closing conditions and regulatory approvals — a binding agreement, in other words, whose execution still hinges on those caveats.

Contracts Land in Europe and Asia

Separately, Ondas reported counter-drone contracts worth several million dollars with government customers in Europe and Asia. A European police organisation ordered Ranger systems, while a state customer in Asia booked Iron Drone Raider units. The company also said it would take part in a counter-drone forum on the day of the announcement.

The order flow has coincided with a broader recovery in drone-related equities, with media reports citing Ondas's contract disclosures and its upcoming earnings as background for the sector's rebound. The stock climbed 20% on Friday.

FEMA Positioning Is Not a Award

Attention has also focused on Ondas's 30 October statement that its airspace-security portfolio is positioned to support FEMA's expanded counter-drone funding programme, which carries $250 million in additional funding. The company's language described potential applications for its portfolio rather than any award to Ondas — a distinction worth keeping in mind when weighing the announcement.

What to Watch on 12 November

The next confirmed financial date is 12 November, when Ondas will publish third-quarter 2026 results covering the period ended 30 September 2026. A conference call is scheduled for 8:30 a.m. ET.