AcquisitionsJul 10, 2026, 09:02 AM
T3 Defense Acquires 60% Stake in Project35, a Drone Developer
AI Summary
T3 Defense Inc. announced the acquisition of a 60% stake in Project35, an Israeli developer and manufacturer of drones, aerial interceptors, and counter-UAV systems. This strategic move positions T3 Defense in the rapidly expanding drone and counter-UAV market, adding field-proven platforms and autonomous interceptor technology to its portfolio. The transaction involved 21,059,871 shares of T3 Defense common stock and a $1,250,000 promissory note, with T3 Defense committing to invest an additional $2.5 million into Project35's operations.
Key Highlights
- T3 Defense acquired a 60% stake in Project35, an Israeli drone and counter-UAV developer.
- Project35 specializes in drones, aerial interceptors, and counter-UAV systems for defense customers.
- Project35 expects revenue of approximately $2.4 million for fiscal year 2026.
- Project35 reported unaudited revenues of approximately $1.4 million for fiscal year 2025.
- Consideration included 21,059,871 shares of T3 Defense common stock.
- Consideration included a $1,250,000 promissory note.
- T3 Defense plans to invest an additional $2.5 million into Project35's operations over 12 months.
Price Impact
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