T3 Defense Inc. (NASDAQ: DFNS) subsidiary Rimon has completed the delivery of a $1.1 million order for Yam-Or portable elevated lighting systems to a major Israeli defense customer. The order was executed in two phases through Rimon’s in-house engineering and manufacturing operations, meeting stringent defense logistics standards. This delivery underscores the growing global demand for deployable illumination and perimeter security infrastructure.

Operational Capabilities

The Yam-Or systems are designed to illuminate areas spanning hundreds of meters in diameter from a single deployment point. This technology provides rapid, broad coverage for perimeter defense, checkpoint security, border surveillance, and forward operating base operations. Menny Shalom, Chairman and CEO of T3 Defense, noted that engineering a purpose-built system to defense requirements and managing the two-phase delivery was a meaningful achievement.

Strategic Acquisition

Separately, T3 Defense acquired a 60% stake in Israeli drone and counter-UAV developer Project35. This deal expands the company’s portfolio to include heavy-lift cargo drones, VTOL aircraft, AI-guided tactical FPV systems, and an autonomous drone interceptor. The interceptor recently completed successful live-fire trials, enhancing T3 Defense's capabilities in unmanned aerial systems.

Business Overview

T3 Defense Inc. operates as a holding company that acquires and operates mission-critical defense businesses involved in national security programs. Its portfolio includes defense and aerospace technologies such as AI software, unmanned aerial systems, electro-mechanical manufacturing, and motion control systems. The company also engages in technology distribution, licensing, and defense infrastructure development through joint ventures.

Financial Outlook

Investors are awaiting the next earnings report scheduled for August 13, 2026. Analysts estimate a loss of 5 cents per share, down from a loss of 58 cents year-over-year. Revenue is projected to reach $4.90 million, an increase from $0.00 million in the prior year.

T3 Defense Inc. (NASDAQ: DFNS) has acquired a 60% stake in Project35, an Israeli developer of drones and counter-UAV systems, to expand its portfolio of mission-critical defense technologies. The acquisition adds heavy-lift cargo drones, VTOL aircraft, AI-guided tactical FPV systems, and an autonomous drone interceptor to T3 Defense's offerings. Project35 serves as a trusted supplier to Israel Aerospace Industries (IAI), ELTA Systems, Rafael Advanced Defense Systems, Elbit Systems, and the Israel Ministry of Defense, providing immediate commercial pathways for the newly acquired platforms.

Transaction Details

Under the terms of the transaction, T3 Defense acquired its stake for 21,059,871 shares of common stock and a 12% promissory note. The note is due one day before the anniversary date in the principal amount of $1,250,000. Project35 expects about $2.4 million in fiscal 2026 revenue after generating approximately $1.4 million in unaudited revenue in 2025. Project35's founding management team will remain in place following the acquisition.

Financial Obligations

As part of the agreement, T3 Defense has a mandatory obligation to deploy $2.5 million directly into Project35's operations over the next 12 months. This capital injection is intended to support commercialization, production expansion, and new customer programs. Chief Executive Officer Menny Shalom stated that the acquisition positions T3 Defense on both sides of the unmanned aerial systems and counter-drone equation, bringing operational, field-deployed platforms validated in successful live-fire testing.

The following table outlines the key financial components of the transaction: