NEW
YORK, Jan. 17, 2025 /PRNewswire/ -- Nukkleus,
Inc. ("Nukkleus" or the "Company") (NASDAQ: NUKK).
A recent Ynetreport unveiled a transformative step in
Israel's defense industry: a major
contract between the Ministry of Defense and Rafael Advanced
Defense Systems, marking the first agreement under the newly
approved $8.7 billion U.S. defense
assistance package. This milestone underscores Israel's strategic focus on bolstering its air
defense capabilities and unique anti-missile strength while
showcasing its leadership in cutting-edge technologies such as the
Iron Dome and next-generation systems like the Iron Beam.
The U.S. assistance package allocates $5.2 billion specifically to enhance Israel's air defense systems, enabling a rapid
expansion in the production of interceptors and the development of
innovative technologies to address modern threats. The Iron Dome,
in particular, has proven itself as one of the most effective
missile interception systems globally, with exceptional success
rates during recent conflicts.
Nukkleus Leverages Strategic Acquisition to Support Rising
Demand
Five weeks ago, Nukkleus announced its proposed
acquisition of a 51% stake in Star 26 Capital Inc., which owns
Rimon—an exclusive provider of certain components for Iron Dome
systems sold globally. With defense spending and demand for
advanced air defense systems surging, management believes Nukkleus
is strategically poised to benefit from the sector's expected
growth. There is no guarantee that the acquisition, which is
subject to shareholder approval, will close.
"The Ynet report emphasizes the unique role Israel plays in advancing defense technologies
that the world needs today," said Menny
Shalom, CEO of Nukkleus. "This is a pivotal moment for
the industry, and Nukkleus is proud to align its vision with the
demand for innovative solutions that address global security
challenges."
Economic and Strategic Impact of Defense
Investments
The $8.7 billion
assistance package and associated deals, including Rafael's Iron
Dome production expansion, are expected to drive significant
economic activity. Thousands of new jobs in the defense industry
are anticipated, highlighting the broader economic benefits of
defense investments.
Global Demand for Proven Defense Technologies
The
Ynet report reflects a growing reliance on Israeli defense
technologies, celebrated for their battlefield-tested reliability
and scalability. The Iron Dome, which has intercepted thousands of
rockets and missiles with unmatched precision, represents the
pinnacle of operational excellence. Emerging systems like the Iron
Beam laser defense technology are expected to further elevate
Israel's standing as a global
defense innovator.
Positioned for Growth
Management believes that
Nukkleus, by strategically aligning its resources with Israel's globally recognized defense
innovations, is positioned to capitalize on the increasing demand
for advanced defense technologies. The Company continues to explore
high-impact opportunities while contributing to global security
advancements with the goal of generating sustainable value for its
stakeholders.
About Nukkleus Inc.
Nukkleus Inc. (NASDAQ: NUKK) is a Nasdaq-listed company focused on
innovative acquisition strategies in key sectors, including
defense, financial services, real estate, and technology. Through
targeted investments and operational excellence, Nukkleus seeks to
accelerate growth and deliver measurable returns for stakeholders,
reshaping industries and fostering sustainable value creation.
Forward-Looking Statements
This press release contains
forward-looking statements. All statements other than statements of
historical facts are "forward-looking statements" within the
meaning of federal securities laws. In some cases, you can identify
forward-looking statements by terminology such as "will," "would,"
"expect," "intend," "plan," "objective," or comparable terminology
referencing future events, conditions or circumstances, or the
negative of such terms. Although Nukkleus believes that it has a
reasonable basis for the forward-looking statements contained in
this press release, they are based on management's current beliefs
and expectations about future events and circumstances and are
subject to risks and uncertainties, all of which are difficult to
predict and many of which are beyond the Company's control. Risk
factors described under "Risk Factors" in Nukkleus' most recently
filed annual report on Form 10-K, as updated from time to time in
its quarterly reports on Form 10-Q and other filings with
the Securities and Exchange Commission, may cause actual results,
performance or achievements to differ materially from those
expressed or implied by forward-looking statements in this press
release. You are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on
which they were made. Nukkleus undertakes no obligation to update
any forward-looking statement contained in this press release to
reflect events that occur or circumstances that exist after the
date of this press release, except as required by law.
For more information, please contact:
Yair Ohayon
Chief Marketing
Officer, Nukkleus Inc.
Email: y@nukk.com
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SOURCE Nukkleus Inc.