Nukkleus comments on Trump Admin’s commitment to build a ‘Golden Dome’

Nukkleus (NUKK) commented on the recent announcement by the Trump Administration to invest an initial $25B in building a “Golden Dome” missile defense shield. The plan to build a Golden Dome aims to counter growing missile threats from adversaries such as China, Russia, Iran, and North Korea, and protect the entire United States from a broad spectrum of threats, including hypersonic, ballistic, and cruise missiles. Menny Shalom, Nukkleus CEO commented, “As the world enters a new emerging defense era, geopolitical tensions are driving the expansion of military budgets. Recognizing the potential of this growing market, our strategy is focused on developing an A&D holding company by acquiring companies with critical capabilities across the defense, aerospace, and advanced manufacturing sectors, and building scale and value.” Shalom continued, “Earlier this year, we announced our initial step towards this strategy. We intend to acquire a 51% controlling interest in Star 26 Capital Inc., which holds 100% of B. Rimon Agencies Ltd., an Israeli corporation that supplies defense related products including energy generators for Israeli’s “Iron Dome” launchers. We believe this acquisition, once completed, will strategically position Nukkleus at the forefront of emerging opportunities in this rapidly evolving market. We look forward to providing updates on our progress.”