Category: Defense

Release – DLH Secures Follow-On NHLBI IT Services Award Valued at Up to $43.7 Million

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Research News and Market Data on DLHC

September 16, 2026

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ATLANTA, Sept. 16, 2026 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of digital, engineering, and scientific solutions for health and defense missions, today announced that it has been awarded a task order to continue providing high-quality information technology services for the National Heart, Lung, and Blood Institute (“NHLBI”).

DLH has performed on this mission since 2018. The task order, valued at up to $43.7 million, includes a base period and multiple options aggregating to a two-and-a-half-year period of performance. The Company will provide services in support of approximately 2,000 NHLBI scientific and administrative employees and contractors.

Under this task order, DLH will build on its existing implementation of artificial intelligence for IT operations (“AIOps”) and automation to improve service efficiency, system reliability, data integrity, cybersecurity, and compliance. Services include:

  • Scientific technology support
  • Application support services
  • Tiered service desk
  • Configuration management
  • Infrastructure operations across on-premises and cloud environments
  • Cybersecurity operations

“By combining scientific expertise with cloud, cybersecurity, application support, and AIOps capabilities, DLH remains a trusted partner for customers seeking mission-critical federal health technology services,” said DLH President & CEO Kathryn JohnBull. “We are pleased that this award extends our longstanding relationship with NHLBI. We expect to continue driving technology modernization, improved operating efficiency through automation, and reduced risk in support of the organization’s critical biomedical research mission.”

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.

Contact Information:

Investor Relations

[email protected]

Media

[email protected]

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH’s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward-looking statements that involve risks and uncertainties which could cause actual events or DLH’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding expected contract performance, future task order value, and anticipated operational benefits. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements due to a variety of factors, including: the failure to achieve the anticipated benefits of any future acquisition (including anticipated future financial operating performance and results); the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; significant delays or reductions in appropriations for our programs and broader changes in U.S. government funding and spending patterns; legislation that amends or changes discretionary spending levels or budget priorities; legal, regulatory, and political changes from the federal government that could result in economic uncertainty; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, as well as interim quarterly filings thereafter. The forward-looking statements contained herein are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and business. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating forward-looking statements.

T3 Defense (DFNS) – Another Award

Posted on by cpatches


Friday, September 11, 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.

Award. Yesterday, T3 subsidiary Rimon announced receipt of a purchase order valued at $1.3 million from a leading Israeli defense prime contractor. The new award is further validation of management’s game plan to focus on mission-critical hardware and systems used in defense and counter-drone programs. The Company’s portfolio spans launcher systems, tactical mobility, power generation, positioning and navigation, command-and-control, and training and simulation capabilities that support the deployment, operation, and sustainment of layered defense architectures.

Details. Rimon will supply engineered power-generation systems for a European production line supporting a critical air-defense system. The equipment will be built and configured to the prime contractor’s specifications and the requirements of serial defense production, with deliveries scheduled for the customer’s European production facility. Notably, this is a production-line award, not a one-off delivery, which should result in additional volume not only from this customer but potentially from other customers.


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Release – T3 Defense wins $1.3 Million Power-Generation Order for European Air-Defense Production

Posted on by [email protected]

Research News and Market Data on DFNS

Order from a leading Israeli defense prime, supports a European production line for a critical air-defense system

September 10, 2026 09:00 ET  | Source: T3 Defense Inc.

NEW YORK and NETANYA, Israel, Sept. 10, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense” or the “Company”), a defense company that acquires and operates mission-critical defense businesses involved in national security programs, today announced that its wholly owned subsidiary, Rimon Agencies Ltd. (“Rimon”), has received a purchase order valued at approximately $1.3 million from a leading Israeli defense prime contractor. Rimon will supply engineered power-generation systems for a European production line supporting a critical air-defense system.

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The equipment will be built and configured to the prime contractor’s specifications and the requirements of serial defense production, with deliveries scheduled for the customer’s European production facility.

This order is the first Rimon purchase order tied to European air-defense production activity, demonstrating demand for its engineered power-generation systems in a critical defense-production environment.

“Europe’s continued investment in layered air defense would create demand for the sub-systems our businesses provide,” said Menny Shalom, Chairman and Chief Executive Officer of T3 Defense. “This order from a leading Israeli prime contractor is a tangible example of that demand. Rimon has been selected to supply power-generation systems for a critical air-defense production line in Europe, reinforcing the strategic relevance of the portfolio we have assembled, and it opens a path for Rimon into the European air-defense supply chain, where we see multi-year, program-driven demand for exactly this class of hardware.”

“This is a production-line order, not a one-off delivery, that reflects Rimon’s engineering and manufacturing capabilities and established record supporting Israel’s most demanding customers,” said Itamar Shimoni, Chief Executive Officer of Rimon. “Power generation is where Rimon started, and supplying it into a European defense production environment is a significant step in the expansion of our footprint beyond Israel. We are preparing for the initial delivery phase while continuing to evaluate and invest in building the capacity required to support additional volume from this customer and others.”

Portfolio Context

T3 Defense continues to position its operating subsidiaries, including Rimon, Positech, Tiltan, ITS, and Nimbus across the mission-critical hardware and systems used in defense and counter-drone programs. The Company’s portfolio spans launcher systems, tactical mobility, power generation, positioning and navigation, command-and-control, and training and simulation capabilities that support the deployment, operation and sustainment of layered defense architectures.

Rimon’s recent performance reflects growing demand for its capabilities. As of July 31, 2026, Rimon had generated approximately $5.25 million in year-to-date revenue, already exceeding its full-year 2025 revenue of $4.6 million. As of the same date, Rimon had approximately $2.1 million in backlog scheduled for delivery through year-end. The new order has been added to that backlog.

Through its subsidiaries, T3 Defense seeks to serve defense customers and prime contractors in Israel, Europe and other allied markets, where modernization, readiness and force-protection requirements are driving demand for these categories of equipment and support.

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 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 fact are forward-looking statements, including, without limitation, statements regarding the anticipated timing, phasing and completion of deliveries under the order described herein; the recognition of revenue from such order; the potential for follow-on, recurring or additional orders from the customer or other parties; European air- and missile-defense demand and procurement trends; the potential for Rimon or the Company’s other subsidiaries to qualify into or participate in European defense supply chains; Rimon’s operational expansion plans; and the Company’s growth and acquisition strategy. These statements are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including: the risk that the order is modified, delayed, reduced or cancelled by the customer; customer acceptance, testing and qualification requirements; export-control, licensing, local-content and shipping requirements applicable to deliveries to Europe; the risk that a single order is not indicative of future orders or of participation in any broader program; dependence on a limited number of defense prime contractors and customer concentration; defense program funding, procurement timing and the pace of European production activity; manufacturing execution, capacity and supply-chain risks, including the availability of components; the risk that backlog does not convert into revenue; competitive and geopolitical conditions, including conditions in Israel and in Europe; the Company’s liquidity and capital resources; the Company’s ability to maintain compliance with Nasdaq listing requirements; the integration of acquired businesses; and other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update or revise 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]
+1 212 836-9633

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/358e2d78-f966-49aa-bba1-c1ac294d8e9e

Swarmer to Acquire Ratel Robotics for Up to $224 Million, Expanding Into Unmanned Ground Systems

Posted on by cpatches

Swarmer, Inc. (NASDAQ: SWMR) announced Thursday that it has entered into a definitive agreement to acquire Ratel Robotics, a leading Ukrainian manufacturer of unmanned ground vehicles, in a transaction valued at up to $224 million if all earnout milestones are achieved.

The acquisition would mark Swarmer’s first major deal under Chairman Erik Prince and significantly expand the company beyond autonomous drone software by adding a portfolio of combat-proven ground vehicles already being used in Ukraine for logistics, casualty evacuation, reconnaissance, demining and drone-launch missions.

The consideration will consist of a mix of cash and stock, with closing subject to customary legal, regulatory and shareholder approvals. More than 300 Ratel employees are expected to join Swarmer following the transaction, bringing the combined company to nearly 500 employees. Ratel founder and CEO Taras Ostapchuk is expected to remain in his role and report to Swarmer President and U.S. CEO Alex Fink.

From Drone Software to a Broader Autonomous Platform

Swarmer has built its business around vendor-agnostic autonomy software designed to allow a single operator to control large numbers of unmanned systems in real time. Its technology focuses on swarm coordination, distributed decision-making and integration across multiple unmanned platforms rather than manufacturing individual drones itself.

The company says its systems have supported more than 100,000 real-world combat missions in Ukraine since first being deployed there in April 2024. That operating history has given Swarmer access to large amounts of battlefield telemetry, sensor data and operational feedback that can be used to improve autonomous performance and resilience.

Ratel adds the hardware side of that equation. Its unmanned ground vehicles are designed for missions that place soldiers at particularly high risk, including supply delivery, casualty evacuation, engineering operations, mine clearance and strike support. The company is also expanding into unmanned aerial systems, mobile workshops and solar-powered trailers.

For Swarmer, the strategic logic is to combine its autonomy software with a broader base of battlefield-tested platforms rather than remaining solely at the software layer.

Ratel Brings Scale and Existing Defense Contracts

Ratel is not an early-stage prototype developer. The company has already secured approximately $86 million in contracts this year and is in discussions with multiple NATO countries through the “Build With Ukraine” initiative.

According to Swarmer, Ratel products represented approximately 37% of the 11 billion Ukrainian hryvnia, or roughly $247 million, spent by Ukraine’s Ministry of Defense Procurement Agency on unmanned ground vehicle contracts between January 1 and April 18, 2026.

That installed base is particularly important in a defense market increasingly emphasizing systems that have already been tested in active combat environments. Ratel’s serial Ratel H and Ratel M vehicles carry NATO stock numbers and AQAP 2110 certification, giving the company a foundation for expansion beyond Ukraine.

Ground Robots Are Becoming a Bigger Part of Modern Warfare

The acquisition also reflects a broader shift in defense technology. Ukraine has become one of the world’s most active proving grounds for unmanned systems, with aerial drones receiving much of the attention early in the war. Ground robotics, however, are increasingly being used for missions where sending personnel creates unnecessary risk, including logistics, reconnaissance, casualty evacuation and perimeter support.

That trend fits directly with Swarmer’s view of Ratel’s vehicles as more than standalone ground robots. Management believes UGVs can serve as mobile launch platforms for drones, interceptors and other autonomous assets, creating integrated systems that operate across both ground and air domains.

Consolidation Comes to Ukraine’s Defense-Tech Industry

The transaction may also be significant as an early example of consolidation within Ukraine’s highly fragmented defense-technology sector. The country has developed hundreds of drone and robotics companies during the war, many of which have built products quickly around immediate battlefield requirements. That decentralized ecosystem helped accelerate innovation, but it has also produced a large number of relatively small manufacturers that can face difficulty scaling production, accessing Western capital and selling into larger NATO procurement programs.

Swarmer itself appears to be positioning the transaction as the beginning of a broader platform strategy. Prince has said the company intends to assemble battlefield-tested systems into a more integrated defense-technology offering, suggesting additional acquisitions could eventually follow.

Building an Integrated Autonomous Defense Company

For investors, the acquisition changes the profile of Swarmer in an important way. Until now, the company’s core value proposition has centered on the software layer — providing autonomy, coordination and decision-making capabilities that can work across different unmanned platforms. Ratel would add manufacturing, physical systems, existing government contracts and a sizable workforce operating directly inside Ukraine’s defense ecosystem.

That combination could allow Swarmer to pursue larger integrated programs while continuing to deploy its autonomy technology across third-party systems. Ratel extends that strategy onto the ground.

If the transaction closes and the two companies successfully integrate their technologies, Swarmer would emerge with a much broader portfolio spanning autonomous software, aerial systems and unmanned ground vehicles — all built around technologies that have already been exposed to real-world combat conditions.

For a defense industry increasingly focused on autonomy, interoperability and reducing the number of personnel placed in high-risk environments, that could make the Ratel acquisition more than simply an expansion of Swarmer’s product catalog. It could be an early step toward building a larger, multi-domain autonomous defense platform.

Investors following the broader defense technology sector can also explore Noble Capital Markets coverage of T3 Defense (NASDAQ: DFNS), a defense-focused holding company pursuing growth through acquisitions, and Kratos Defense & Security Solutions (NASDAQ: KTOS), whose portfolio includes unmanned systems and other national security technologies.

Release – T3 Defense Targets Accelerating European Demand for Air Defense Ground-System Components

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Research News and Market Data on DFNS

Recent European air-defense procurement, localization and operational initiatives, including a reported Iron Dome ground-system manufacturing program in Germany, underscore growing requirements for launcher, mobility, power-generation, command-and-control and related mission-critical hardware categories served by T3 Defense subsidiaries.

September 08, 2026 09:20 ET  | Source: T3 Defense Inc.

NEW YORK and NETANYA, Israel, Sept. 08, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense” or the “Company”), a defense company that acquires and operates mission-critical defense businesses involved in national security programs, today highlighted growing European demand for ground-segment subsystems used in layered air- and missile-defense architectures.

Recent defense developments in Europe underscore increased investment in integrated air- and missile-defense capabilities, including launcher systems, mobile platforms, power-generation equipment, command-and-control infrastructure and related support hardware. T3 Defense operating subsidiaries manufacture products serving these ground-segment categories, which are required to deploy, operate and sustain modern air-defense systems.

Recent developments include:

  • Manufacturing of ground-system components for Rafael’s Israeli-developed Iron Dome short-range air-defense system is expected to begin at Volkswagen’s former Osnabrück production site in Germany following the planned end of vehicle production in 2027. The initiative involves Rafael, the State of Lower Saxony and Munich-based investment firm Aurelius Capital, and is expected to include military vehicles, German power-generation units, launchers and related hardware, to support expanding German and European air-defense requirements.
  • A multi-layered air and missile defense agreement between Israel and Greece, at approximately $3.5 billion (≈€3 billion). The agreement covers short-, medium- and long-range interceptor layers, multi-mission radars, an integrated national command-and-control (C2) layer and a supplementary counter-drone package, with a reported local-industry participation component of roughly one quarter of program value. Greece is reportedly planning approximately €28 billion in defense modernization spending through 2036.
  • A live-fire trial in early September 2026 by the German Navy of an Israeli-developed ballistic missile system, launched from an operational German vessel configured with a command trailer and a launcher.

“Europe is investing in the infrastructure required to deploy, operate and sustain layered air- and missile-defense systems and interceptors,” said Menny Shalom, Chairman and Chief Executive Officer of T3 Defense. “These architectures depend on a range of ground-segment hardware, including launcher structures, command and control shelters, power-generation equipment, mobile platforms, masts, positioning systems and training and simulation equipment. These are the qualification-driven product categories in which our subsidiaries operate. We have deliberately assembled a portfolio in the qualification-driven sub-system categories that every layered air defense and counter-drone program consumes, and we are well positioned to pursue related opportunities and convert those into customer programs and orders.”

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 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 fact are forward-looking statements, including, without limitation, statements regarding European air and missile defense demand and procurement trends; the anticipated scope, timing, structure or localization of any European program or production activity; the categories of sub-systems such programs may consume; the potential for the Company or its subsidiaries to receive orders, qualify into supply chains, or generate revenue in Europe or elsewhere; the anticipated capabilities and availability of the platforms, products and services described herein; the potential expansion of previously disclosed orders, including the potential expansion of the Tiltan hardware-in-the-loop program; and the Company’s growth and acquisition strategy. These statements are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including: the absence of any order, contract or contractual relationship in connection with the European programs referenced herein; the risk that publicly reported third-party developments are inaccurate, incomplete, delayed, restructured or abandoned; reliance on information reported by third parties that the Company has not independently verified; local-content, offset, export-control, licensing and qualification requirements that may exclude the Company’s subsidiaries from European supply chains; customer qualification and testing cycles; defense program funding and procurement timing; dependence on government contracts and defense original equipment manufacturer relationships; manufacturing execution, capacity and supply-chain risks; customer concentration; the risk that backlog and pipeline do not convert into revenue; competitive and geopolitical conditions, including conditions in Israel and in Europe; the Company’s liquidity and capital resources; the Company’s ability to maintain compliance with Nasdaq listing requirements; the integration of acquired businesses; and other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update or revise them, except as required by law.

Contact Us:

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

Release – T3 Defense Subsidiary Tiltan to Deliver Majestic.ai as Licensed Software 

Posted on by [email protected]
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Research News and Market Data on DFNS

Engagement set to mark the first delivery of Majestic.ai as customer-operated licensed software, adding a software licensing model to Tiltan’s project-based services

August 26, 2026 09:30 ET  | Source: T3 Defense Inc.

NEW YORK and NETANYA, Israel, Aug. 26, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense” or the “Company”), today announced that its wholly owned subsidiary, Tiltan Software Engineering Ltd. (“Tiltan”), has been selected by a sensor systems developer and manufacturer to license Majestic.ai, Tiltan’s generative artificial intelligence (AI) synthetic data platform. This marks the first time Majestic.ai will be delivered as software the customer operates itself, rather than as a service Tiltan performs.

Majestic.ai

Majestic.ai is Tiltan’s AI platform for synthetic data generation. The physics-based platform produces labeled image and video datasets that defense customers use to train and validate AI systems when real world data is costly or impossible to collect. The platform covers electro-optical (EO), infrared (IR), light detection and ranging (LiDAR), and synthetic aperture radar (SAR) across land, maritime, air, and space environments, and also supports sensor and hardware development programs.

To date, Majestic.ai has been sold as a managed service, with Tiltan producing each dataset for the customer. This engagement is set to mark the platform’s first delivery as licensed software operated by the customer. Management believes a licensed model can support more repeatable revenue per customer and allow Tiltan to serve more programs without adding project labor for each one.

The Majestic.ai license will be paired with Tiltan’s T-VERSE geospatial 3D content, so the customer receives both the generation engine and the underlying data. Bundling the two also gives Tiltan a second product to attach to future licenses.

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Management Commentary

“Synthetic data has become one of the constraints on how quickly advanced sensors and AI systems can be developed and fielded,” said Menny Shalom, Chairman and Chief Executive Officer of T3 Defense. “Tiltan has spent years producing that data for its customers. Licensing Majestic.ai puts the engine, and the content behind it, directly into the customer’s hands. That is a different business than project-by-project services, and we believe it is a meaningful step towards a more scalable, repeatable revenue source from the AI and simulation assets we already own.”

“Our customers must train and validate systems against conditions they cannot practically capture in the field,” said Ehud Shafir, Chief Executive Officer of Tiltan. “With Majestic.ai delivered as licensed software and paired with T-VERSE content, this customer will be able to generate the volume of datasets it needs on its required schedules. Being selected for the first engagement of this kind validates the maturity of the platform and the demand for customer-operated synthetic data generation.”

Commercial Status

The Company is not disclosing the value, scope, or customer identity of the engagement. Majestic.ai has not yet been delivered under this engagement and no revenue has been recognized to date. There can be no assurance as to the timing of delivery, the amount or timing of any revenue recognition, the customer’s continued use or expansion of the license, or that the engagement will result in additional licensed-software programs with this or any other customer.

About Tiltan Software Engineering Ltd.

Tiltan Software Engineering Ltd., a wholly owned subsidiary of T3 Defense, is a leading solution provider specializing in simulation, 3D engines, generative AI training, geo-systems, 3D content, and operations center systems and tools. With over 30 years of experience, Tiltan’s simulation products provide a comprehensive one-stop solution for training, development, and hardware-in-the-loop systems, powered by a proprietary 3D engine and generative AI. Tiltan’s geo-system products support space, aerial, manned, and unmanned vehicles, addressing registration, localization, and navigation challenges, as well as geo-mapping systems. Its in-house content production delivers high-fidelity, geo-specific visual databases, 3D models, and mapping data for VIS, IR, LiDAR, and SAR applications. For more information, visit www.tiltan-se.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, 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 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 fact are forward-looking statements, including, without limitation, statements regarding Tiltan’s selection to deliver Majestic.ai as a licensed software product; the expectation that the engagement will mark the first delivery of Majestic.ai in a self-service, customer-operated model; the anticipated capabilities, configurations, and performance of Majestic.ai and T-VERSE; the timing or completion of delivery; expected demand for licensed, customer-operated synthetic data generation; the potential for additional orders, licenses, production programs, or recurring revenue; the potential for integration across T3 Defense’s portfolio companies; and the Company’s growth strategy. These statements are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to the absence of executed follow-on orders for the licensed model described herein; delivery, integration, and customer acceptance risk; market adoption and customer qualification and testing requirements; defense program funding, procurement cycles, and timing; dependence on government contracts and defense OEM relationships; protection of intellectual property in a licensed-software model; customer concentration; competitive and geopolitical conditions, including conditions in Israel; the Company’s liquidity and capital resources; the Company’s ability to maintain compliance with Nasdaq listing requirements; integration of acquired businesses; and other risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update or revise them, except as required by law.

Contact Us:

T3 Defense Inc.

575 5th Avenue

New York, NY 10017

[email protected]

www.t3dfns.com

Tiltan Software Engineering Ltd.

Ehud Shafir, Chief Executive Officer

www.tiltan-se.com

Investor Relations

The Equity Group Inc.

Lena Cati

[email protected]

+1 212 836-9611

Val Ferraro

[email protected]

+1 212 836-9633

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d481ed1-bf71-4cbf-8fb1-867b7b75fe2d

T3 Defense (DFNS) – Reports 2Q26 Results

Posted on by [email protected]


Monday, August 24, 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.

Overview. T3 Defense filed its 10Q for the quarter ended June 30, 2026. The Company did not issue a press release on the quarterly results, nor did management hold a conference call. Revenue came in below our expectations, but gross margin and operating loss were better than expected. Non-cash items significantly impacted the bottom line. We hope to speak with management shortly to provide a deeper review of the quarter and update our models.

2Q26 Results. Revenue was $4.0 million, below our $4.5 million projection. Gross margin was 25.4% exceeding our 11.1% estimate. T3 reported an operating loss of $3.4 million compared to our projection of a $3.9 million loss. Net loss from continuing operations was $85.7 million and net loss was $81.4 million. T3 reported a loss per share of $182.80 (adjusted for the recent 1-for-125 reverse stock split).


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DLH Holdings (DLHC) – More Contract Movement

Posted on by [email protected]


Monday, August 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.

New ID/IQ. According to the Department of War’s daily contract award notifications, DLH has been named to the Naval Information Warfare Center Pacific’s recent ID/IQ to provide operational exercise design and construction, operations and requirements analysis, concept formulation and development, feasibility demonstrations, and operational and technical support. This includes efforts to analyze and engineer operational, functional, and system requirements to establish national, theater, and force-level architecture. Additional efforts will include requirements verification and validation, engineering analysis, technical documentation, software and hardware design and implementation, as well as systems integration, test and evaluation, and demonstration. This is the second major ID/IQ to which DLH has been named recently.

Details. The contracting vehicle is a $278 million indefinite-delivery/indefinite-quantity, multiple-award contract with cost-plus-fixed-fee and cost-no-fee pricing. This seven-year contract includes one two-year option which, if exercised, would bring the potential value of this contract to $400 million. The period of performance is Aug. 12, 2026, through Aug. 12, 2031. DLH will have the opportunity to compete for task orders during the ordering period.


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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) – $500 Million Accelerated Share Repurchase

Posted on by [email protected]


Tuesday, August 11, 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.

ASR. CoreCivic has decided how to use a portion of the proceeds from the facilities sale, and it’s a $500 million Accelerated Share Repurchase program. The Company already used over $600 million of net proceeds to reduce debt, and increased share repurchases were a logical use of additional funds, in our opinion. Upon completion of the ASR Agreement, the Company anticipates that approximately $255.8 million of share repurchase authorization will remain available.

Details. The Company made a payment of $500 million to a financial institution on August 10, 2026, and expects to receive an initial delivery of approximately 12.4 million shares of CXW common stock (about 12.5% of the outstanding) from the financial institution, pursuant to the ASR Agreement. Based on Friday’s closing price, the initial 12.4 million shares would have used approximately $400 million of the $500 million.


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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) – 2Q26 Results Exceed Expectations; Raising Price Target

Posted on by [email protected]


Monday, August 10, 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.

Overview. As we highlighted in our First Look at CoreCivic’s operating results, the Company’s second quarter 2026 financial results exceeded management expectations, driven by lower operating costs and slightly higher populations from ICE. While the quarterly operating results were a positive in and of themselves, the major news came post-quarter’s end with the announcements of sales of four detention facilities to the Federal government for total gross proceeds of $2.2 billion and a net of approximately $1.6 billion. The Company remains in discussions with ICE for the potential sale of additional facilities, as well as for new contracts at existing and/or idle facilities.

Capital. With the facilities sold, the current capital structure has significantly changed. Net proceeds, after taxes and sale costs, were approximately $1.6 billion. The Company used $608.5 million to pay down debt, including $238.5 million of the 4.75% unsecured notes that will be repaid on August 12th. After income taxes and debt repayments, the Company will have approximately $1 billion of cash on hand, total debt outstanding of $739.1 million, and $553.3 million of borrowing capacity under the revolving credit facility.


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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. 

Graham (GHM) – Strong Start to Fiscal 2027

Posted on by [email protected]


Monday, August 10, 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.

Overview. Graham’s first quarter results reflect continued disciplined execution. The Company experienced revenue growth across all business units, reflecting the strength of Graham’s diversified business model and strong demand for the Company’s mission-critical technologies. Bookings remained strong, and backlog was at a record level.

1Q27 Results. First quarter fiscal 2027 net sales were $71.3 million, up $15.9 million, or 29%. We had projected $66 million. 1Q27 adjusted EBITDA increased 28% to $8.8 million, representing an adjusted EBITDA margin of 12.3%, which was consistent with the prior year period. We were at $8.3 million and 12.7%. Graham reported 1Q27 adjusted net income of $5.7 million, or $0.49/sh, compared with $4.9 million and $0.45/sh last year. This exceeded our $5.1 million and $0.43/sh estimate.


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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. 

The GEO Group (GEO) – Strong 2Q; Raising Price Target

Posted on by [email protected]


Monday, August 10, 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.

Overview. GEO delivered better-than-expected performance in the second quarter of 2026, reflecting significant revenue growth from the contracts that the Company entered into throughout 2025. With recently signed new contracts and still significant idle capacity, we believe there remains substantial opportunity for additional increases in operating results.

2Q26 Results. Second quarter 2026 revenue was $732.1 million, up 15% y-o-y, and exceeding our $720 million projection. Adjusted EBITDA was up 20% to $142 million, or a 19.4% margin, and above our $129.3 million estimate. GEO reported 2Q26 net income attributable to GEO Operations of $47.5 million, or $0.36/sh, and  $29.1 million, or $0.21/sh, in 2Q25. Adjusted EPS was  $0.37/sh, compared to  $0.22/sh in 2Q25. We were at $0.28/sh for both.


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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) – First Look 2Q26 Results

Posted on by [email protected]


Thursday, August 06, 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.

Overview. CoreCivic’s 2Q26 financial results exceeded management expectations, driven by lower operating costs and slightly higher populations from U.S. Immigration and Customs Enforcement. Recent contracts at 4 facilities added $80.1 million to revenue and $20.1 million to operating income in the quarter. These facilities continue to be in various stages of activation. 

2Q26 Results. Revenue increased 27.3% y-o-y to $684.9 million and was above our $618 million projection. Adjusted EBITDA was $109.4 million, compared to $103.3 million in 2Q25 and our $108.9 million estimate. Adjusted net income was $37.7 million, or $0.38 per diluted share, in 2Q26, compared with $39.7 million and $0.36, respectively, last year. We would note 2Q25 EPS benefited from $11.6 million, or $0.08 per share, of Employee Retention Credits, along with interest thereon, available under the CARES Act. Excluding the CARES Act benefit, 2Q26 adjusted EPS would have reflected more pronounced y-o-y growth.


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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.