Nukkleus Comments on Trump Administration's Further Commitment to Build a "Golden Dome"

Rhea-AI Summary

Nukkleus Inc. (NASDAQ: NUKK) has responded to the Trump Administration's announcement of a $25 billion investment in the "Golden Dome" missile defense shield project. The initiative aims to protect the United States from various missile threats from China, Russia, Iran, and North Korea. CEO Menny Shalom highlighted the company's strategy to develop an Aerospace & Defense holding company through strategic acquisitions.

The company is currently pursuing its first acquisition, seeking a 51% controlling stake in Star 26 Capital Inc., which owns B. Rimon Agencies Ltd., an Israeli company that provides defense products, including energy generators for Israel's "Iron Dome" launchers. The acquisition remains subject to shareholder approval.

Positive

• Potential to benefit from $25 billion government investment in missile defense
• Strategic positioning in growing defense market amid increasing geopolitical tensions
• Planned acquisition of 51% stake in Star 26 Capital provides entry into missile defense sector

Negative

• Acquisition is still pending and subject to shareholder approval
• No guaranteed success in securing contracts related to the Golden Dome project
• Company is early in its A&D strategy execution with no proven track record yet

NEW YORK, May 22, 2025 /PRNewswire/ -- Nukkleus Inc. (NASDAQ: NUKK), which is pursuing a highly disciplined global M&A strategy in the Aerospace & Defense (A&D) industry, today commented on the recent announcement by the Trump Administration to invest an initial $25 billion 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."

Mr. 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."

* There is no guarantee that the acquisition, which is subject to shareholder approval, will be completed.

About Nukkleus Inc.

Nukkleus Inc. (NASDAQ: NUKK) focuses on acquiring and scaling mission-critical suppliers across the defense, aerospace, and advanced manufacturing sectors. With operations in the United States and Israel, Nukkleus targets Tier 2 and Tier 3 companies that form the industrial backbone of national security infrastructure. Through its proprietary capital model, Nukkleus integrates operational capabilities, financial discipline, and long-term vision to modernize and expand strategic suppliers—supporting dual-use innovation and resilient supply chains.

The company's portfolio approach combines organic growth with disciplined M&A, enabling transformational scale and positioning Nukkleus at the core of 21st-century defense industrial strategy.

Forward-Looking Statements

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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.

For more information, please contact:

Investor Relations (US)

Lena Cati
Tel: +1 212 836-9611
lcati@theequitygroup.com 

Val Ferraro
Tel: +1 212 836-9612
vferraro@theequitygroup.com

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SOURCE Nukkleus Inc.

FAQ

What is the Golden Dome project announced by the Trump Administration?

The Golden Dome is a $25 billion missile defense shield project aimed at protecting the United States from hypersonic, ballistic, and cruise missiles from adversaries like China, Russia, Iran, and North Korea.

What acquisition is NUKK currently pursuing in the defense sector?

Nukkleus is seeking to acquire a 51% controlling stake in Star 26 Capital Inc., which owns B. Rimon Agencies Ltd., an Israeli company that supplies defense products including energy generators for Israel's Iron Dome launchers.

How does Nukkleus (NUKK) plan to enter the aerospace and defense market?

Nukkleus plans to develop an A&D holding company by acquiring companies with critical capabilities across defense, aerospace, and advanced manufacturing sectors to build scale and value.

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

The acquisition is still pending and subject to shareholder approval, with no guarantee of completion.

How might the Golden Dome project impact Nukkleus (NUKK) stock?

The project could potentially benefit NUKK if their planned acquisition of Star 26 Capital succeeds, given the company's experience with similar missile defense systems like Israel's Iron Dome.