Wire
T3 Defense Buys 60% Stake in Drone Manufacturer Project35
T3 Defense (DFNS) said Friday it bought a 60% controlling interest in Israel-based military hardware manufacturer Project35.The transaction was settled for roughly 21 million common shares and a 12% $1.25 million promissory note, the company said.The acquired company projects roughly $2.4 million in revenue for fiscal 2026, and T3 intends to invest $2.5 million into Project35 over the next 12 months, T3 said.Shares of T3 Defense were up more than 16% in early Friday trading.Price: $0.18, Change: $+0.04, Percent Change: +23.81%
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