Ondas Receives Purchase Order for Digital Bat Aircraft Amid Potential Demand in the Tens of Thousands
Key Facts
Ondas announced on November 10, 2026, that it had received a purchase order under the Digital Bat program to develop and produce next-generation, low-cost tactical attack aircraft. The company said the order is part of a program it had previously won, without disclosing its value or the number of systems requested. The announcement moves the program into a purchasing phase as the company seeks to accelerate serial production and establish scalable manufacturing capacity. Ondas says potential demand for the aircraft could reach tens of thousands. The company aims to use that production capacity to serve future programs and international customers.
The expansion plan relies, according to the company, on ARAN Defense’s engineering and manufacturing facilities in Israel, which span about 4,400 square meters. The facilities’ capabilities include multidisciplinary engineering, computer numerical control machining, electromechanical assembly and systems integration. Ondas said Airobotics will lead program development, autonomous capabilities, mission software and system integration. ARAN, meanwhile, is expected to provide industrial and manufacturing support after the planned acquisition is completed. This allocation links Airobotics’ system development with the manufacturing infrastructure Ondas intends to bring in through ARAN.
Chief Executive Eric Brock said the company intends to combine Airobotics’ technologies with ARAN’s manufacturing infrastructure to build greater production capacity. He added: "We intend to build the capacity to produce thousands of low-cost, mission-ready systems." The goal of producing thousands of systems reflects an ambition beyond the announced purchase order, whose size and value the company has not disclosed. ARAN’s manufacturing support also remains contingent on completion of the planned acquisition. Ondas says the production expansion is aimed at meeting demand for autonomous systems in international programs and contracts.
The program dates back to August 11, 2026, when Ondas announced that it had won a strategic, multi-million-dollar tender from Israel’s Ministry of Defense to develop and produce next-generation tactical attack aircraft capabilities. The purchase order announced in November is part of the program previously awarded to the company. Second-quarter results provide context for the scale of Ondas’ business: revenue was $83.8 million, compared with $50.1 million in the first quarter of 2026 and $6.3 million in the second quarter of 2025. The company said this represented sequential growth of about 67% and an increase of more than 13 times year over year, while forward-looking organic annual growth was 85%. The company also recorded about $175 million in new orders in the second quarter, and its backlog was about $613 million on June 30, compared with a forward-looking $457 million at the end of the first quarter and $68 million at the end of 2025.
Revenue growth was accompanied by higher losses in the second quarter. Adjusted EBITDA loss was $50.6 million, compared with $10.9 million in the first quarter of 2026 and $5.8 million in the year-earlier period. The company reported a net loss of $89.7 million in the second quarter, compared with a loss of $10.8 million in the second quarter of 2025. Gross margin also fell to 43% from 53% a year earlier, with the company attributing the decline mainly to amortization of recorded technology assets. On liquidity, Ondas disclosed $1.4 billion in cash, restricted cash and short-term investments on June 30.
Trading on November 10 showed Ondas shares falling during the session, reaching $5.48 at 1:42 p.m. Eastern time, down $0.49, or 8.21%, while the market was open. The stock had closed at $5.97 on November 9, according to EL7 data. Other data showed a price of $5.485 on November 10, within a daily range of $5.450 to $5.915, compared with a previous close of $5.970. These prices do not represent the session close, as they were reported during trading. In August, Ondas raised its 2026 revenue target to a range of $525–550 million, a previously announced estimate rather than the year’s actual result.
Ondas set November 12, 2026, as the date for reporting third-quarter results for the period ended September 30 and holding an investor call at 8:30 a.m. Eastern time. The results follow the company’s earlier estimate raising its annual revenue target and strong growth in second-quarter revenue and new orders. The forthcoming announcement will provide the latest figures for a period whose results had not yet been released when the purchase order was announced. The call will also give the company an opportunity to discuss its third-quarter financial results. The new order and manufacturing plan remain part of the expansion context Ondas will present alongside those results.