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Nukkleus Inc. to Acquire 100% of Star 26 Creating a Unified Defense Powerhouse
Globenewswire· 2025-09-16 13:20
Core Viewpoint - The acquisition of Star 26 Capital Inc. by Nukkleus Inc. is aimed at enhancing operational efficiencies, economies of scale, and accelerating technology development in the Aerospace and Defense sectors, positioning Nukkleus as a leader in critical industries [2][6]. Group 1: Acquisition Details - Nukkleus has signed an Amended and Restated Securities Purchase Agreement to acquire 100% of Star 26, initially announced as a 51% stake in December 2024, pending shareholder approval [2][8]. - The delay in closing has allowed both companies to expand their portfolios and operational strengths significantly [2][3]. Group 2: Strategic Benefits - The acquisition will enable Nukkleus to deliver integrated Aerospace and Defense solutions by combining its subsidiaries in AI, UAV systems, and GNSS technologies with Star 26's expertise in advanced power systems and command & control platforms [3][5]. - The integration is expected to create synergies, allowing for shared resources, streamlined supply chains, and enhanced international distribution channels, leading to reduced costs and faster time-to-market for defense solutions [5][6]. Group 3: Portfolio Expansion - Star 26 has made strategic acquisitions, including Rimon, a supplier for the Iron Dome, and a 67% stake in Water.io, which will enhance Nukkleus's portfolio in AI, UAVs, and overall defense infrastructure [4][6]. - The combined portfolio aims to foster collaboration across various fields, linking software and systems integration with proven hardware capabilities [3][4]. Group 4: Long-term Vision - The acquisition reflects Nukkleus's commitment to building a robust ecosystem of complementary technologies, aiming to create long-term value for shareholders [7][9]. - The company targets Tier 2 and Tier 3 suppliers that are essential to national security infrastructure in the US, Israel, and Europe, supporting dual-use innovation and resilient supply chains [8][9].
Lockheed Martin Corporation Class Action: Levi & Korsinsky Reminds Lockheed Martin Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 26, 2025 - LMT
Prnewswire· 2025-09-16 12:45
NEW YORK, Sept. 16, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Lockheed Martin Corporation ("Lockheed Martin Corporation" or the "Company") (NYSE: LMT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Lockheed Martin Corporation investors who were adversely affected by alleged securities fraud between January 23, 2024 and July 21, 2025. Follow the link below to get more information and be contacted by a member of our team: https:/ ...
Northrop Grumman: Strong Backlog And FCF Generation Justify Higher Valuation
Seeking Alpha· 2025-09-16 12:40
Northrop Grumman (NYSE: NOC ) shares have increased by about 20% since my last article , but I maintain a Buy rating - the growth potential still exceeds the risks. The current $576 per share does notHi there! I’m Narek, and I’ve been in the investment world for over six years. I started out as an equity analyst at European banks, digging into reports and learning how to spot value in the markets. I’ve worked across sectors — from telecom to industry — and found that behind every financial statement is a re ...
Northrop Grumman: Strong Backlog And FCF Generation Justify Higher Valuation (NYSE:NOC)
Seeking Alpha· 2025-09-16 12:40
Northrop Grumman (NYSE: NOC ) shares have increased by about 20% since my last article , but I maintain a Buy rating - the growth potential still exceeds the risks. The current $576 per share does notHi there! I’m Narek, and I’ve been in the investment world for over six years. I started out as an equity analyst at European banks, digging into reports and learning how to spot value in the markets. I’ve worked across sectors — from telecom to industry — and found that behind every financial statement is a re ...
Nukkleus Spikes 16% After-Hours: Here's Why The Stock Is Trending - Nukkleus (NASDAQ:NUKK)
Benzinga· 2025-09-16 02:50
Core Insights - Nukkleus Inc. shares surged 16.12% to $5.98 in after-hours trading following the company's withdrawal of its S-1 registration statement from the SEC [2][4] - The company decided not to proceed with its public offering plans, which were initially filed on February 12 and amended on June 15 [3][4] Trading Activity - Following the withdrawal, Nukkleus experienced increased trading activity, with an average trading volume of 6.87 million shares [4] - The stock has shown significant volatility, with a market capitalization of $36.42 million and trading between $1.30 and $78.32 over the past year [6] Stock Performance - Over the past six months, Nukkleus' stock declined by 64.56%, from a high of $21.69 in May to $5.15 recently, but has rebounded with a 25.61% gain in the last month [5] - The stock has demonstrated a remarkable 234.42% increase over the past year, despite its recent volatility [5][6]
Northrop Grumman secures $972M U.S. Air Force contract (NOC:NYSE)
Seeking Alpha· 2025-09-15 21:31
Northrop Grumman Systems (NYSE:NOC) is being awarded a $972 million ceiling firm-fixed-price, time and materials, fixed-price incentive, cost reimbursable, cost-plus-fixed-fee; and indefinite-delivery/indefinite-quantity contract for Air Force Modeling and Simulation support service. This contract provides the Department of the Air Force, Department ...
AeroVironment, Inc. to Host Investor Open House in Albuquerque, New Mexico on September 30
Businesswire· 2025-09-15 21:30
ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV--AeroVironment, Inc. ("AV†) (NASDAQ: AVAV) will host an investor open house in Albuquerque, New Mexico at its Space and Directed Energy facility on Tuesday, September 30. Management presentations and discussions will be live webcast at 8:30 a.m. MT / 9:30 a.m. CT / 10:30 a.m. ET and 7:30 a.m. PT. The event will include presentations from Wahid Nawabi, AeroVironment's chairman, president and chief executive officer; Kevin P. McDonnell, senior vice president and ch. ...
Lost Money on Lockheed Martin Corporation (LMT)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
Globenewswire· 2025-09-15 19:59
Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its internal controls and contract commitments, which may lead to significant losses for the company [3][4]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from January 23, 2024, to July 21, 2025 [3]. - Allegations include: - Lack of effective internal controls related to risk-adjusted contracts and profit booking [3]. - Inadequate procedures for comprehensive reviews of program requirements and risks [3]. - Overstatement of the company's ability to meet contract commitments regarding cost, quality, and schedule [3]. - Likelihood of reporting significant losses due to the aforementioned issues [3]. - Misleading positive statements about the company's business and operations [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by September 26, 2025, to potentially become lead plaintiffs [4]. - Registration provides access to portfolio monitoring software for status updates throughout the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
LMT Lawsuit: Did Lockheed Martin (LMT) Mislead Investors on Financial Health? – Hagens Berman
Globenewswire· 2025-09-15 17:24
Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging misleading financial disclosures and inadequate internal controls regarding program risks, impacting investors who purchased shares between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations and Claims - The lawsuit claims Lockheed Martin overstated its operational capabilities in the Aeronautics and Rotary and Mission Systems segments, failing to disclose significant internal control deficiencies [2]. - It is alleged that the company incurred substantial undisclosed losses due to these internal control failures, which misled investors about the company's financial health [2][4]. - The investigation by Hagens Berman focuses on whether the losses were a foreseeable result of these internal control issues and if management was transparent about the associated risks [4][5]. Group 2: Impact on Stock Price - Following a series of negative disclosures, Lockheed Martin's stock price experienced significant declines, including a nearly 11% drop on the final disclosure [3]. - The company reported $1.8 billion in pre-tax losses in its Aeronautics segment on January 28, 2025, and further losses of $950 million and $570 million in subsequent disclosures related to the Aeronautics and RMS segments, respectively [8]. Group 3: Legal and Investigative Actions - Hagens Berman is actively encouraging investors who suffered substantial losses to come forward and assist in the investigation [2][4]. - The firm is examining the systemic nature of the losses across different programs, suggesting a broader issue rather than isolated incidents [5].
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important September 26 Deadline in Securities Class Action – LMT
Globenewswire· 2025-09-15 16:55
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Lockheed Martin securities between January 23, 2024, and July 21, 2025, of the upcoming lead plaintiff deadline on September 26, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Lockheed Martin securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - The lead plaintiff must file a motion with the Court by September 26, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that Lockheed Martin made false and misleading statements regarding its internal controls, contract commitments, and risk management practices, which led to significant investor losses when the truth was revealed [5]. - Specific claims include the lack of effective internal controls, inaccurate program reviews, and overstated delivery capabilities, all of which contributed to misleading positive statements about the company's business prospects [5].