Landmark $8.7 Billion Defense Deal Highlights Israel's Innovation, as Nukkleus Aligns with Growing Air Defense Momentum

$NUKK
Professional Services
Consumer Discretionary
Get the next $NUKK alert in real time by email

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

Cision View original content:https://www.prnewswire.com/news-releases/landmark-8-7-billion-defense-deal-highlights-israels-innovation-as-nukkleus-aligns-with-growing-air-defense-momentum-302354542.html

SOURCE Nukkleus Inc.

Get the next $NUKK alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$NUKK

DatePrice TargetRatingAnalyst
More analyst ratings

$NUKK
Press Releases

Fastest customizable press release news feed in the world

See more
  • Market Alert: Silynxcom's Drone Awareness Technology Positioned for Growth as Governments Allocate Billions to Counter-Drone Programs Following Russia-Ukraine "Drone War" Lessons

    After ZenaTech's 600% Surge in November, Could Silynxcom Be the Next Drone-Related Multibagger? Silynxcom's Drone Sounds Awareness Tech Could to Disrupt $11.12 Billion Counter-Drone Market with Wall Street Analysts Maintaining "Buy" Rating and $8 Price Target; Company Successfully Field Tests Key Drone-Awareness Technology as Global Defense Spending Surges to $2.46 Trillion; Israeli Defense Tech Stocks Like Nukkleus with 1000%+ Gains Demonstrate Potential Upside as Militaries Worldwide Ramp Up Spending; $19.1 Billion Tactical Communications Market Seeing Massive Growth Market News Alerts Reports: The escalating drone warfare landscape, dramatically illustrated by Ukraine's innovative use o

    $NUKK
    $SYNX
    $ZENA
    Professional Services
    Consumer Discretionary
    Consumer Electronics/Appliances
    Consumer Staples
  • Market News Alert: After Nukkleus' 1000% Rise, Wall Street Thinks Silynxcom Could be a Potential Multibagger Israeli Defense Tech Stock

    Silynxcom Emerges as Rising Tactical Communications Powerhouse with Wall Street Analysts Targeting $8 Price Point and giving the company a ‘Buy' rating; Silynxcom is targeting a $19B Market Opportunity Amid Global Defense Spending Surge to $2.46 Trillion; Israeli Defense Tech Stocks like Nukkleus which saw over 1000% gains post-merger could be a precedent as Silynxcom is positioned to benefit from expected booming demand for Israeli defense innovation Market News Alerts Reports: Global defense spending has rocketed to $2.46 trillion in 2024, representing a 7.4% real-terms increase that reflects the escalating geopolitical tensions across the globe. This unprecedented surge signals more tha

    $NUKK
    $SYNX
    Professional Services
    Consumer Discretionary
    Consumer Electronics/Appliances
    Consumer Staples
  • Nukkleus Advisory Board Member Brigadier General (Ret.) Mark Beesley Highlights Rimon's Strategic Role in Trump's 'Golden Dome' Missile Defense Initiative

    NEW YORK, March 6, 2025 /PRNewswire/ -- Retired Brigadier General Mark Beesley, senior advisor to Nukkleus Inc. (NASDAQ:NUKK), has addressed the significance of President Donald Trump's executive order to develop a U.S. missile defense shield, known as the "Golden Dome," inspired by Israel's Iron Dome. President Trump's executive order marks a historic shift in U.S. defense policy, prioritizing the construction of a state-of-the-art missile defense system designed to counter ballistic missiles, hypersonic weapons, and cruise missile threats. The initiative emphasizes domestic production and leveraging battle-tested technologies, with companies across the defense sector expected to play a ro

    $NUKK
    Professional Services
    Consumer Discretionary

$NUKK
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$NUKK
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$NUKK
SEC Filings

See more

$NUKK
Leadership Updates

Live Leadership Updates

See more
  • Nukkleus Appoints Brigadier General (Ret.) Mark Beesley as Strategic Advisor for Defense Acquisitions

    NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Nukkleus Inc. (NASDAQ:NUKK) is proud to announce the appointment of Brigadier General (Ret.) Mark Beesley as Strategic Advisor to the Board, focusing on defense sector acquisitions. This appointment follows the unanimous approval by the Nukkleus Board of Directors to establish an Advisory Board, demonstrating the company's commitment to leveraging strategic guidance for its growth in key sectors. Mark Beesley: From Military Leadership to Civilian Innovation General Beesley served over three decades in the U.S. Air Force, holding critical

    $NUKK
    Professional Services
    Consumer Discretionary

$NUKK
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more