Nukkleus Advisory Board Member Brigadier General (Ret.) Mark Beesley Highlights Rimon's Strategic Role in Trump's 'Golden Dome' Missile Defense Initiative

Rhea-AI Summary

Nukkleus Inc (NASDAQ: NUKK) Advisory Board member Brigadier General Mark Beesley has highlighted the strategic importance of Rimon's potential role in President Trump's 'Golden Dome' missile defense initiative. The executive order aims to develop a comprehensive U.S. missile defense shield against ballistic missiles, hypersonic weapons, and cruise missile threats.

B. Rimon Agencies, a wholly owned subsidiary of Star 26 Capital, currently supplies critical components for Israel's Iron Dome. Nukkleus is pending acquisition of a 51% equity interest in Star 26, subject to shareholder approval, marking its strategic expansion into the defense industry.

The initiative emphasizes domestic production and battle-tested technologies, positioning companies with missile defense expertise like Rimon at the forefront of this strategic defense investment opportunity.

Positive

• Strategic positioning in growing missile defense market
• Pending acquisition of 51% stake in established defense component supplier
• Direct connection to successful Iron Dome technology

Negative

• Acquisition still pending shareholder approval
• No immediate revenue impact from Golden Dome initiative
• Uncertain timeline for project implementation

NEW YORK, March 6, 2025 /PRNewswire/ -- Retired Brigadier General Mark Beesley, senior advisor to Nukkleus Inc. (NASDAQ: NUKK), has addressed the significance of President Donald Trump's executive order to develop a U.S. missile defense shield, known as the "Golden Dome," inspired by Israel's Iron Dome.

President Trump's executive order marks a historic shift in U.S. defense policy, prioritizing the construction of a state-of-the-art missile defense system designed to counter ballistic missiles, hypersonic weapons, and cruise missile threats. The initiative emphasizes domestic production and leveraging battle-tested technologies, with companies across the defense sector expected to play a role in its execution.

Rimon's Role in the Evolving Defense Landscape

As the U.S. gears up to expand its missile defense capabilities, industry attention is turning toward proven suppliers with expertise in next-generation defense systems. B. Rimon Agencies Ltd. ("Rimon"), a wholly owned subsidiary of Star 26 Capital Inc. ("Star 26"), is a supplier of critical components for Israel's Iron Dome, positioning itself as a key player in this rapidly evolving sector.

"Missile defense is no longer just a regional necessity—it's a global imperative," said General Beesley. "Rimon's expertise in supplying essential components for Iron Dome makes it well-positioned to contribute to the next phase of U.S. defense innovation. As threats evolve, the ability to integrate proven technology into new strategic initiatives like the Golden Dome is paramount."

The pending Nukkleus acquisition of a 51% equity interest in Star 26, which is subject to shareholder approval, further solidifies Nukkleus's expansion into the defense industry. The move underscores Nukkleus's commitment to leveraging its investment strategy to drive innovation in critical defense technologies.

Strengthening the U.S. Missile Defense Supply Chain

With the U.S. Department of Defense seeking to accelerate production of air defense assets, companies with deep-rooted experience in missile defense systems, such as Rimon, are likely to be at the forefront of this new era of strategic defense investments.

"Rimon's track record speaks for itself," added Brigadier General Beesley. "As Nukkleus strengthens its presence in the defense industry, we are actively positioning ourselves to align with the increasing demand for cutting-edge security solutions that protect against evolving global threats."

With President Trump's executive order setting the stage for major defense industry shifts, it is expected that Nukkleus, Star 26, and Rimon are strategically placed to capitalize on emerging opportunities, reinforcing their role in next-generation air and missile defense capabilities.

About Nukkleus Inc.

Nukkleus Inc. (NASDAQ: NUKK) is a publicly traded company focused on acquiring and scaling high-potential businesses across defense, technology, and industrial markets. Through strategic investments, the company accelerates growth, fosters innovation, and delivers long-term value to stakeholders.

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's 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
y@nukk.com 

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SOURCE Nukkleus, Inc.

FAQ

What is the Golden Dome missile defense initiative announced by Trump?

The Golden Dome is a new U.S. missile defense shield initiative inspired by Israel's Iron Dome, designed to protect against ballistic missiles, hypersonic weapons, and cruise missile threats.

How is Nukkleus (NUKK) connected to the Golden Dome defense project?

Nukkleus is acquiring 51% of Star 26 Capital, whose subsidiary Rimon supplies critical components for Israel's Iron Dome, positioning it as a potential key player in the Golden Dome initiative.

What is Rimon's current role in missile defense systems?

Rimon is a supplier of critical components for Israel's Iron Dome missile defense system.

What is the status of Nukkleus's acquisition of Star 26 Capital?

The acquisition of 51% equity interest in Star 26 Capital is pending and subject to shareholder approval.