Technology
T3 Defense Acquires Majority Stake in Project35, Accelerating Leadership in the Drone and Counter-UAV Market
Acquisition of a 60% stake in Project35 adds a field-proven portfolio of unmanned aerial systems, autonomous interceptor, and a full counter-UAV suite, backed by an experienced Israeli engineering team and Tier-1 defense customer relationshipsNEW YORK and NETANYA, Israel, July 10, 2026 (GLOBE NEWSWIRE) -- T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense”), a defense company that acquires and operates mission-critical defense businesses, today announced the acquisition of a 60% stake in Project35, a l
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Acquisition of a 60% stake in Project35 adds a field-proven portfolio of unmanned aerial systems, autonomous interceptor, and a full counter-UAV suite, backed by an experienced Israeli engineering team and Tier-1 defense customer relationships NEW YORK and NETANYA, Israel, July 10, 2026 (GLOBE NEWSWIRE) -- T3 Defense Inc. (Nasdaq: DFNS) ("T3 Defense"), a defense company that acquires and operates mission-critical defense businesses, today announced the acquisition of a 60% stake in Project35, a leading Israeli developer and manufacturer of drones, aerial interceptors and counter-UAV systems for Tier-1 defense customers in Israel and around the world. The acquisition launches T3 Defense into the center of the fast-expanding drone and counter-UAV (C-UAV) armament market, adding field-proven platforms and a new class of autonomous interceptor to its portfolio. The transaction is consistent with T3 Defense's strategy of building a focused portfolio of mission-critical defense technologies aligned with evolving battlefield and homeland security requirements. Project35 already holds a position as a trusted supplier to Israel's leading defense companies, including Israel Aerospace Industries (IAI), ELTA Systems, Rafael Advanced Defense Systems, and Elbit Systems, as well as the Israel Ministry of Defense. These established relationships provide immediate commercial pathways for T3 Defense to scale the newly acquired platforms and technologies. Thus, the acquisition is expected to strengthen T3 Defense's access to active defense procurement channels and expand its opportunity set across drone, counter-UAV, and related homeland security programs. Project35's unmanned aerial platforms are field-proven and already in active operational use. Over the past three years, the company has focused on developing an autonomous, aerial interceptor designed to neutralize hostile UAVs within seconds of detection using a proprietary AI tracking & guidance system. The interceptor has recently completed a series of successful initial live-fire field trials, validating its performance and accuracy for high-intensity conflict environments. Project35 expects revenue of approximately US$2.4 million for the 2026 fiscal year, following unaudited revenues of approximately US$1.4 million for the 2025 fiscal year. The acquisition brings a comprehensive unmanned and counter-UAV ecosystem into the T3 Defense portfolio. Project35's aerial platforms range from heavy-lift multirotor cargo drones and long-endurance fixed-wing VTOL aircraft for intelligence, surveillance, and reconnaissance to high-speed, AI-guided tactical FPV systems. The company holds AS9100 aviation quality certification, and is engineered to Western supply-chain standards, including Blue UAS and NDAA compliance.