T3 Defense acquires 60% stake in Project35
T3 Defense acquired a 60% stake in Israel-based Project35, adding drones, aerial interceptors and counter-UAV systems to its defense technology portfolio.
Evidence notes
- The consideration included T3 Defense shares plus a $1.25 million note, with a further $2.5 million investment obligation.
- Project35 develops cargo UAVs, fixed-wing VTOL aircraft, tactical FPV systems and counter-UAV platforms.
- The portfolio includes the HY-380 autonomous aerial interceptor, which had completed initial live-fire field trials.
Company context
Public defense company building a portfolio of drone, counter-UAV and mission-critical defense technology businesses.