T3 Defense (DFNS) – Stock Split Complete


Tuesday, July 21, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Reverse Stock Split. As outlined in prior reports, T3 underwent a 1-for-125 reverse stock split to regain compliance with Nasdaq regulations. As a result, the number of outstanding shares declined from approximately 139.8 million to approximately 1.1 million. We adjusted our model to reflect the impact on earnings per share.

Impact. Assuming the stock split only impacts the forward quarters, the 2Q adjusted net loss increases to $2.87/sh, 3Q to a loss of $2.16/sh, and 4Q to a net loss of $1.75/sh, up from a previous projected net loss of $0.06/sh, $0.03/sh, and $0.02 per share, respectively, Full year net loss increases to $3.90/sh, up from a prior full year net loss forecast of $0.50/sh. If we adjusted 1Q26 EPS loss to the 1.1 million outstanding shares, full-year net loss rises to $30.26/sh, which includes a number of one-time non-cash charges. The share change does not impact our estimates for adjusted EBITDA, which remains at a loss of $6 million for 2026.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

NN (NNBR) – Further Expansion in the Defense Industry


Tuesday, July 21, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Contract Manufacturing. NN continues to expand into new and adjacent segments, providing the Company with strong growth opportunities, in our view. Most recently, NN successfully entered the Tier 1 contract manufacturing industry for firearm components in the United States market.

Details. NN’s contract manufacturing agreement is to mass-produce completed firearms products for a leading provider of firearms products in the U.S. This new business begins in the third quarter and will continue ramping up through 2028. This new business is expected to add between $12 million and $15 million in sales. Due to the multipart complexity of this new product line, these products are now the highest-priced products in the Company’s portfolio of new products.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Lockheed Martin Unveiled a Patriot Missile That Costs Half as Much. The Real Story Is What It Means for the Defense Supply Chain

Lockheed Martin introduced a new, lower-cost version of its Patriot interceptor at the Farnborough Airshow on Monday, a move that reflects how fundamentally the economics of air defense have changed under the pressure of real-world conflict. The PAC-3 Adapted Capability Effector, or PAC-3 ACE, is projected to cost less than half the price of the current PAC-3 MSE interceptor, which runs approximately $4 million per missile according to US Army budget documents. Initial production is expected to begin within 36 months, developed and manufactured jointly with US and European industry partners.

The announcement is not just a product launch. It is a direct response to a cost asymmetry problem that the Iran conflict has made impossible to ignore.

The Math That Forced the Decision

Throughout Operation Epic Fury, US forces in the Middle East have burned through finite interceptor stockpiles to counter Iranian drones that cost a fraction of the missiles used to destroy them. A single PAC-3 MSE interceptor costs roughly $4 million. An Iranian Shahed drone costs approximately $35,000. When you are spending more than 100 times the cost of the threat to defeat it, the economics of attrition work against you regardless of how effective the technology is.

That disparity has pushed the Pentagon and its prime contractors to rethink the entire approach to air defense procurement. The Missile Defense Agency launched a Low-Cost Interceptor program in late 2025 with a target price of $750,000 per unit. Lockheed’s PAC-3 ACE, at under $2 million, sits in the middle of the cost spectrum between that target and the current MSE, offering a bridge solution that can enter production faster because it is built on existing PAC-3 guidance technology and is compatible with legacy Patriot systems and the Integrated Battle Command System.

The European Manufacturing Push

Lockheed is not building this missile alone. The company has signaled its intention to develop PAC-3 ACE jointly with European defense partners and has expressed interest in eventually producing an entirely European-sourced variant manufactured on the continent. This follows a July 7 memorandum of understanding with German arms manufacturer Rheinmetall to establish the first European production center for the Army Tactical Missile System.

The pattern is clear: Lockheed is investing in distributed manufacturing capacity across allied nations rather than concentrating production domestically. That approach strengthens the broader defense industrial base, reduces supply chain bottlenecks, and gives NATO members the ability to produce and stockpile interoperable interceptors locally rather than depending entirely on American production during a crisis.

Where Small Cap Defense and Industrial Companies Fit

For investors tracking the defense and industrial sectors below the $2 billion market cap threshold, the shift toward distributed, cost-optimized defense manufacturing creates a meaningful opportunity set. When a prime contractor like Lockheed commits to building cheaper weapons with a broader supplier base across multiple countries, it pulls smaller specialized manufacturers, component suppliers, and defense services companies into the production chain.

Defense services contractors like V2X, which provides mission-critical support across military operations and logistics, and specialized defense technology companies like T3 Defense sit in the exact part of the ecosystem that benefits when defense procurement scales horizontally rather than concentrating vertically through a single prime. Precision component manufacturers like NN Inc., which produces highly engineered parts for defense and industrial applications, are also positioned in the supply chain that affordable, high-volume interceptor production would activate.

The defense industry spent decades optimizing for performance at any cost. The Iran conflict exposed that model’s limitations in real time. What comes next is a manufacturing and procurement shift toward affordability, volume, and distributed production, and the smaller companies with the right capabilities are the ones best positioned to fill the gaps the primes cannot fill alone.

Release – T3 Defense Subsidiary ITS Delivers Advanced Composite Materials Production Line to Leading Building Materials Manufacturer, Bringing Defense-Proven Fiberglass Technology to Industrial Scale

Research News and Market Data on DFNS

ITS Designs and Delivers a Custom Composite Materials Production Line, Extending Defense-Grade Fiber-Reinforced Composite Manufacturing to Industrial Scale

July 20, 2026 09:00 ET  | Source: T3 Defense Inc.

NEW YORK and NETANYA, Israel, July 20, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense” or the “Company”), a defense company that acquires and operates mission-critical defense and industrial businesses, today announced that its subsidiary, Industrial Techno-Logic Solutions (“ITS”), has designed and delivered a custom composite materials production line to a leading Israeli building materials manufacturer.

Bringing its defense-proven fiberglass production expertise to a line for a customer in building materials, ITS was able to fully integrate automated materials handling, precision application, and fiberglass-based reinforcement to manufacture advanced composite products at industrial scale. Applying its Design for Manufacturing (DFM) methodology, ITS assumed end-to-end responsibility for mechanical engineering design, machining, supply chain management, integration, and factory deployment, enabling the manufacturer to achieve production-ready output with the precision and delivery reliability that characterizes ITS’s work across defense and industrial programs.

ITS composites manufacturing

“Defense capability increasingly depends on sovereign manufacturing supply chains. Nations that cannot produce the components their defense programs require at home face critical vulnerabilities at exactly the wrong moment. ITS is closing that gap,” said Menny Shalom, Chairman and CEO of T3 Defense. “Composite materials are becoming foundational across defense and industrial manufacturing, and the ability to produce them reliably at scale is a strategic capability in its own right. This production line gives the customer exactly that foundation, at the precision that defense and industrial programs demand. As governments and prime contractors continue to prioritize localized, qualified manufacturing, we expect ITS to be an increasingly sought-after partner for exactly this type of capability-building engagement.”

The delivery marks the latest milestone in an ongoing relationship between ITS and the undisclosed customer, reflecting confidence the customer has placed in ITS as a long-term manufacturing partner. The expansion of the collaboration to include a dedicated continuous production line underscores ITS’s ability to support customers across successive programs and scale, translating early-stage engineering partnerships into full production-ready industrial infrastructure.

About ITS

Industrial Techno-Logic Solutions (ITS) is an engineering and manufacturing systems company that develops specialized production lines for complex defense and industrial technologies. Using a Design for Manufacturing (DFM) methodology, ITS designs production systems that enable advanced products to be manufactured reliably and at scale. By combining engineering design, machining, supply chain management, and factory deployment, ITS helps customers move technologies from concept to production-ready manufacturing environments. ITS is a majority-owned subsidiary of T3 Defense Inc. For more information, visit www.its-eng.com.

About T3 Defense

T3 Defense Inc. (Nasdaq: DFNS) is a defense company that acquires and operates mission-critical defense businesses embedded in long-cycle national security programs. The company targets businesses operating at constrained, qualification-driven, or execution-critical points across the industrial base where strategic value exists and where qualification, capacity, and execution are decisive. Through disciplined M&A, centralized capital and strategy, and decentralized operating autonomy, T3 Defense seeks to strengthen critical defense capabilities and compound long-term value. For more information, visit www.t3dfns.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding ITS’s engineering and manufacturing capabilities, the expected performance of the production line delivered to the client, and the Company’s growth strategy. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. T3 Defense Inc. undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.

Contact:

T3 Defense Inc.
575 5th Avenue
New York, NY 10017
[email protected]
www.t3dfns.com

ITS Inc.
Amit Cwitk
[email protected]

Investor Relations (US)
Lena Cati
[email protected]
+1 212 836-9611

Val Ferraro
[email protected]
+1 212 836-9612

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a8ef911-21c5-41ff-836e-ced801f68e93

Release – DLH to Announce Fiscal 2026 Third Quarter Financial Results

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Research News and Market Data on DLHC

July 20, 2026

PDF Version

ATLANTA, July 20, 2026 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of science research and development, systems engineering and integration, and digital transformation and cyber security solutions to federal agencies, will release financial results for the fiscal third quarter ended June 30, 2026 on July 29, 2026 after the market closes. DLH will then host a conference call for the investment community at 10:00 a.m. Eastern Time the following day, July 30, 2026, during which members of senior management will make a brief presentation focused on the financial results and operating trends. A question-and-answer session will follow.  

Interested parties may listen to the conference call by dialing 888-347-5290 or 412-317-5256.  Presentation materials will also be posted on the Investor Relations section of the DLH website prior to the commencement of the conference call. A digital recording of the conference call will be available for replay two hours after the completion of the call and can be accessed on the DLH Investor Relations website or by dialing 1-855-669-9658 and entering the conference ID 1652291.           
  
About DLH
DLH (NASDAQ: DLHC) enhances technology, public health, and cyber security readiness missions through science, technology, cyber, and engineering solutions and services. Our experts solve some of the most complex and critical missions faced by federal customers, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With a world-class workforce dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of government sector experience, proven methodology, and unwavering commitment to innovative solutions to improve the lives of millions. For more information, visit www.DLHcorp.com.

INVESTOR RELATIONS
Contact: Chris Witty
Phone: 646-438-9385
Email: [email protected] 

T3 Defense (DFNS) – Increases Reverse Split Ratio to 1-for-125 from 1-for-50


Friday, July 17, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Increased Ratio. Yesterday, T3 announced that, given the recent stock activity, the T3 Board of Directors determined to significantly increase the ratio from the 1-for-50 disclosed in July 13th’s 8-K to 1-for-125. T3 Defense still expects that its common stock will open for trading on the Nasdaq Capital Market on a reverse split-adjusted basis on July 20, 2026, under the existing trading symbol “DFNS”.

Impact. At the Effective Date of the reverse stock split, every 125 shares of common stock outstanding and held of record by each stockholder of the Company will be automatically reclassified into one new share of Common Stock, reducing the number of shares of common stock issued and outstanding from approximately 139.8 million to approximately 1 million. We will update our models and price target following the split.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – T3 Defense Announces Reverse Stock Split

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Research news and Market Data on DFNS

July 16, 2026 10:23 ET  | Source: T3 Defense Inc.

NEW YORK and NETANYA, Israel, July 16, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (NASDAQ: DFNS) (“T3 Defense” or the “Company”), a defense company that acquires and operates mission-critical defense businesses, today announced that its Board of Directors approved a 1-for-125 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), that is expected to become effective at 12:01 a.m. on Monday, July 20, 2026 (the “Effective Date”). Given the recent stock activity, the T3 Board of Directors determined to significantly increase the ratio from the 1-for-50 disclosed on the Current Report on Form 8-K filed by the Company with the SEC.

T3 Defense expects that its Common Stock will open for trading on the Nasdaq Capital Market on a reverse split-adjusted basis on July 20, 2026 under the existing trading symbol “DFNS”. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 67054R 302.

The Reverse Stock Split was approved by the Company’s Board of Directors under authority granted by the Company’s stockholders at a special meeting held on June 24, 2026. The Company will file an amendment to its Amended and Restated Certificate of Incorporation to implement the Reverse Stock Split as of the Effective Time. The Reverse Stock Split is intended to, among other things, increase the per share trading price of the Common Stock to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Stockholders will not need to take any action with respect to the reverse stock split.

At the Effective Date of the Reverse Stock Split, every 125 shares of Common Stock outstanding and held of record by each stockholder of the Company will be automatically reclassified into one new share of Common Stock, reducing the number of shares of Common Stock issued and outstanding from approximately 139.8 million to approximately 1 million. The amount of authorized Common Stock, as well as the par value for the Common Stock, will not be affected. The shares of Common Stock underlying the Company’s outstanding stock options and warrants will be proportionately adjusted.

The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s equity. No fractional shares will be issued in connection with the Reverse Stock Split. Instead, each fractional share resulting from the Reverse Stock Split will be rounded up to the nearest whole share. The Reverse Stock Split will not alter any stockholder’s percentage ownership interest in T3 Defense.

Continental Stock Transfer & Trust Company is acting as transfer and exchange agent for the Reverse Stock Split. Registered stockholders who hold shares of Common Stock are not required to take any action to receive post-reverse split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker’s particular processes, and will not be required to take any action in connection with the Reverse Stock Split.

Additional information regarding the Reverse Stock Split can be found in the Company’s amended and restated definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on June 1, 2026 (the “Proxy Statement”), which is available on the SEC’s website at www.sec.gov and on the Company’s website at https://investors.t3dfns.com.

About T3 Defense Inc.

T3 Defense Inc. (NASDAQ: DFNS), is a defense company that acquires and operates mission-critical defense businesses involved in national security programs. It focuses on manufacturers with strong customer relationships and solid order backlogs, often capacity-and resource-constrained and specialized areas such as drones and autonomous vehicles, counter-drone systems, advanced manufacturing, tactical robotics, and AI software and system integration. Through disciplined acquisitions, centralized capital and strategy, and decentralized day-to-day operations, T3 Defense aims to strengthen essential defense capabilities and build long-term value.

T3 Defense Inc.
575 5th Avenue
New York, NY 10017
[email protected]
www.t3dfns.com

Investor Relations
The Equity Group Inc.
Lena Cati
[email protected]
+1 (212) 836-9611

Val Ferraro
[email protected]
+1 (212) 836-9633

Forward-Looking Statements

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or T3 Defense’s future financial or operating performance. For example, statements regarding the Reverse Stock Split and timing thereof and T3 Defense’s intention with respect to compliance with the price requirements for maintaining its listing on the Nasdaq Capital Market are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “pro forma,” “may,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “potential” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may impact such forward-looking statements include, but are not limited to, market conditions and their impact on T3 Defense’s trading price on the Nasdaq Capital Market; and other factors discussed in the Proxy Statement. These and other important factors discussed under the caption “Risk Factors” in T3 Defense’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on April 9, 2026, and T3 Defense’s other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by T3 Defense and its management, are inherently uncertain. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. T3 Defense undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

The GEO Group (GEO) – New Contract with ICE; Raising Price Target


Thursday, July 16, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

New Contract. The GEO Group has entered into a five-year support services contract with U.S. Immigration and Customs Enforcement (“ICE”) for the activation of a federal immigration processing center at the 1,188-bed Big Horn Facility. GEO has entered into a lease agreement with the Facility owner. We view the new award positively and expect to see more such announcements going forward as ICE continues to seek out partners to assist the Agency in fulfilling its mission.

Details. The support services contract is expected to generate approximately $85 million in annual revenues in the first full year of operations, excluding transportation revenue. GEO’s support services are expected to include the exclusive use of the facility by ICE, along with security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

T3 Defense (DFNS) – Reverse Split


Thursday, July 16, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Reverse Split. T3 is implementing a 50-for-1 reverse stock split. The reverse stock split will become effective as of 12:01 a.m., Eastern Time, on July 20, 2026, and the Company’s common stock will begin trading on the Nasdaq Global Market on a split-adjusted basis when the market opens on July 20, 2026.

Rationale. The Company is implementing the reverse stock split to raise the per-share bid price of the Company’s common stock above $1.00 per share and bring the Company back into compliance with Nasdaq Listing Rule 5550(a). The Company will have regained compliance once the Company’s shares trade at or above $1.00 for a minimum of 10 consecutive trading days, at which time Nasdaq will provide the Company with notice that it has regained compliance.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

CoreCivic, Inc. (CXW) – Redeeming 4.75% Notes


Thursday, July 16, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Redemption. CoreCivic has elected to redeem in full the 4.75% Senior Notes due 2027 that remain outstanding on August 12, 2026. This was an expected use of funds from the recently announced sale of two facilities to the Federal government. As of July 13, 2026, the principal amount of the outstanding 2027 Notes was $238,468,000. We anticipate additional debt reduction with a portion of the remaining sale proceeds.

Detail. The 2027 Notes will be redeemed at a redemption price equal to 100.000% of the principal amount of the then-outstanding 2027 Notes, plus the applicable “make-whole” premium specified in the indenture, as supplemented, governing the 2027 Senior Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. We estimate the annual interest expense savings to be approximately $11.3 million.


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Release – T3 Defense Subsidiary Rimon Delivers $1.1 Million Order with Major Israeli Defense Customer for Advanced Elevated Battlefield Lighting Systems

Research News and Market Data on DFNS

Highlights Growing Demand for Rapid-Deployment Illumination Solutions Across Border Security, Perimeter Defense, and Surveillance in Forward Operating Environments

July 13, 2026 09:00 ET  | Source: T3 Defense Inc.

NEW YORK and NETANYA, Israel, July 13, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense” or the “Company”), a defense company that acquires and operates mission-critical defense businesses, today announced that its wholly owned subsidiary, Rimon Agencies Ltd. (“Rimon”), completed the delivery of a $1.1 million order for Yam-Or portable elevated lighting systems to a major Israeli defense customer.

The order was structured across two delivery phases and executed entirely through Rimon’s in-house engineering and manufacturing operation. Rimon delivered both phases on schedule and in full compliance with customer specifications, demonstrating its capacity to execute complex, specification-driven defense programs.

The Yam-Or systems are capable of illuminating areas spanning hundreds of meters in diameter from a single deployment point, providing broad, stable coverage that can be established rapidly under demanding field conditions. This enables Rimon to address immediate operational needs across perimeter defense, checkpoint security, border surveillance, and forward operating base operations.

Photo

“This is a direct demonstration of what Rimon is built to do,” said Menny Shalom, Chairman and CEO of T3 Defense. “Engineering a purpose-built system to the requirements of the defense establishment and managing a two-phase delivery in compliance with stringent defense logistics standards and procedures, is a meaningful achievement. Demand for deployable illumination and perimeter security infrastructure is growing across defense and security agencies worldwide, and we believe Rimon is well positioned to expand its footprint globally.”

“Completing the Yam-Or program from engineering through two-phase delivery, fully within our own operation and to the exacting standards required by the customer, is a testament to the strength of our engineering and production capabilities,” said Itamar Shimoni, CEO of Rimon. “This program proves we can scale production and support repeatable, high-volume deployments. It sends a clear signal to defense and border security organizations around the world that Rimon has the engineering capability and production capacity to be a reliable partner at scale.”

About Rimon

Rimon is a bespoke engineering and systems integration company that develops mission-ready infrastructure platforms for defense, homeland security, and emergency response operations. The company imports, distributes, and upgrades mobile power systems, elevated sensor masts, and builds integrated mission vehicles that support surveillance, communications, and command systems operating in environments where permanent infrastructure is unavailable. By engineering systems around real operational requirements, Rimon enables critical technologies to be deployed rapidly and operate reliably in demanding field conditions.

About T3 Defense Inc.

T3 Defense Inc. (NASDAQ: DFNS) is a defense company that acquires and operates mission-critical defense businesses involved in national security programs. It focuses on manufacturers with strong customer relationships and solid order backlogs, often capacity- and resource-constrained, in specialized areas such as drones and autonomous vehicles, counter-drone systems, advanced manufacturing, tactical robotics, and AI software and system integration. Through disciplined acquisitions, centralized capital and strategy, and decentralized day-to-day operations, T3 Defense aims to strengthen essential defense capabilities and build long-term value. For more information, visit www.t3dfns.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to defense program funding and timing, dependence on government contracts and defense OEM relationships, manufacturing execution risks, and integration of acquired businesses. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them, except as required by law.

Contact Us:
T3 Defense Inc.
575 5th Avenue
New York, NY 10017
[email protected]
www.t3dfns.com

Rimon
Chen Ganzer
[email protected]

Investor Relations
The Equity Group Inc.
Lena Cati
[email protected]
+1 212 836-9611

Val Ferraro
[email protected]
+1 212 836-9612

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce1825e6-1a51-42db-b528-055fb1c6805d

T3 Defense (DFNS) – Another Acquisition


Monday, July 13, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Another Acquisition. On Friday, T3 Defense 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.

Terms. Under the terms of the transaction, T3 acquired its stake for 21,059,871 shares of T3 Defense common stock and a 12% promissory note due one day before the anniversary date in the principal amount of $1,250,000. At a current stock price of approximately $0.11, the value of the deal is about $3.56 million. Following closing, T3 Defense expects to work with Project35’s management team to support commercialization, production scaling, and expansion into additional customer programs, in addition to investing $2.5 million directly into the company’s operations over the next 12 months.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

CoreCivic, Inc. (CXW) – Validation of Asset Worth


Tuesday, July 07, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Asset Sale. CoreCivic sold two detention facilities— the 2,560-bed California City Detention Facility in California City, California, and the 1,994-bed Otay Mesa Detention Facility in San Diego-to the U.S. Government for gross proceeds of $1.5 billion or approximately $1.1 billion in net proceeds. Significantly, CoreCivic expects to continue to manage both facilities under existing management contracts with ICE.

Value Validation. Cal City sold for $286,172 per bed and Otay Mesa for $370,712 per bed. Even acknowledging a “California premium,” the facilities sold significantly above previous sales of detention facilities on a per-bed basis, confirming our long-standing thesis that the Company’s assets are worth well in excess of what the market is giving the Company credit for.


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