T3 Defense Inc. to acquire Project 35

T3 Defense Inc. has agreed to acquire Project 35, an aerospace and defence firm based in Israel. The strategic acquisition was announced on 9 July 2026, with the transaction having technically completed on 6 July 2026. The deal structure involves a combination of shares and loan notes as the primary forms of consideration. This financial arrangement allows for a mixed equity and debt payment mechanism, which is common in private sector acquisitions where cash liquidity may be constrained or where tax efficiency is a priority for the parties involved. The specific monetary value of the transaction was not disclosed to the public, and no currency was reported alongside the consideration terms.

The buyer, a United States-based entity, is expanding its portfolio through this acquisition of the Israeli target. The completion of the deal marks the successful transfer of ownership from the previous shareholders to T3 Defense Inc. The transaction is now fully executed and the integration phase is expected to begin shortly. Regulatory approvals were secured prior to the completion date, ensuring that all legal and compliance requirements were met before the final handover of assets and operations. This move solidifies T3 Defense Inc.'s position in the defence sector by adding Project 35's capabilities to its existing range of services and products.