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
l@nukk.com
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SOURCE Nukkleus, Inc.