Nukkleus Management Reflects on the Growing Appetite for Defense Innovations
NEW YORK, Jan. 14, 2025 /PRNewswire/ -- Nukkleus, Inc. ("Nukkleus" or the "Company") (NASDAQ:NUKK), today announced that as geopolitical tensions reshape global priorities, defense budgets worldwide are reaching unprecedented levels. The Wall Street Journal recently reported on Israel's record-breaking defense exports, highlighting the growing reliance on battlefield-tested technologies such as the Iron Dome and Barak MX systems.
According to the WSJ, deals like Slovakia's €560 million acquisition of the Barak MX exemplify the surging demand for proven technologies capable of addressing modern threats. These developments come as governments worldwide commit billions to defense spending and investors increasingly turn their attention to the resilient and rapidly growing defense sector.
Manny Shalom, CEO of Nukkleus Inc. (NASDAQ:NUKK), commented: "The defense industry is experiencing a historic shift, driven by rising geopolitical tensions and a need for innovative, battle-tested solutions. This is a moment of immense opportunity, as nations and investors alike prioritize technologies that deliver both reliability and scalability."
Global Demand Drives Innovation and Investor Confidence
Defense companies have seen their valuations surge over the past year, fueled by government spending and private sector enthusiasm. From Europe to Asia, countries are rapidly modernizing their defense infrastructures, with Israel emerging as a leading exporter of reliable and efficient solutions.
As part of its broader vision, Nukkleus is exploring transactions in multiple sectors, including defense, to align with emerging global trends and deliver long-term value for its stakeholders.
Mr. Shalom continued: "We believe the appetite for defense innovation has never been greater. Governments are not only increasing their budgets but are actively seeking partners capable of delivering solutions now. It is our position that this trend is transforming the industry and creating opportunities that extend far beyond traditional markets."
Looking Ahead: A New Era for Defense Technologies
As global tensions persist, the defense sector is positioned to lead the next wave of innovation and Nukkleus management believes increased budgets and investor confidence support this. With battlefield-tested technologies in high demand, the industry is poised to shape the future of global security.
Mr. Shalom concluded: "We believe this market is experiencing a redefinition of the global defense landscape. We expect the opportunities ahead to be vast and the momentum we're seeing today as only the beginning."
For more information and to read the full Wall Street Journal article, click here.
About Nukkleus, Inc.
Nukkleus, Inc. (NASDAQ:NUKK) is a Nasdaq company, recently announced an acquisition of Star 26 Capital Inc – a defense-focused acquisition company.
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.
Contact:
Yair Ohayon
CMO
[email protected]
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SOURCE Nukkleus, Inc.