Nukkleus completes Tiltan acquisition

Nukkleus (NUKK) announced the closing of its acquisition of Tiltan Software Engineering. Tiltan is now a wholly owned subsidiary of the Company. The company said, “Tiltan’s technology is embedded in some of the world’s most advanced defense programs. Tiltan’s simulation platforms train pilots and operators for Israel Aerospace Industries, its synthetic data accelerates machine learning development for Elbit Systems, and its GPS-denied navigation systems enable Rafael Advanced Defense Systems platforms to operate in contested electromagnetic environments. The Israeli Ministry of Defense has recognized Tiltan with multiple innovation and excellence awards over its three-decade history.” The purchase price of NIS 47,600,000 is payable 75% in cash through six installments ending June 2026, and 25% in Nukkleus common stock released from escrow on the settlement date. The Company’s payment obligations are secured by a pledge of the acquired Tiltan shares.