To stem the rupee’s decline, India’s central bank in June offered the country’s vast diaspora an incentive to bring foreign currency into the country. The response far exceeded expectations
$ONDS is buying Stemme which is the manufacturer behind ULTRA's certified S12 airframe while planning a major U.S. manufacturing expansion to reach production of 10 aircraft per month by 2028.
What I find interesting is that Stemme currently operates at just 25% capacity meaning Ondas could potentially quadruple output before even needing planned 345K square feet of U.S. manufacturing space.
The EU wants to stem a decline of its oil-refining industry and increase output from existing plants as surging fuel prices expose the risks of relying on imports