Nukkleus Says Rimon Set To Gain From Israel’s Iron Dome Expansion

• Israel’s Ministry of Defense in November announced the signing of a procurement agreement with Rafael Advanced Defense Systems to accelerate serial production of Iron Dome interceptors and supporting systems.
• Nukkleus said that in anticipation of the expanding production requirements, Rimon is preparing to scale its operations beginning in 2026.
• Nukkleus CEO Menny Shalom said that the Iron Dome expansion contract validates the strategic decision to pursue the acquisition of Rimon.

Nukkleus Inc. (NUKK) stated on Tuesday that Rimon, the Israeli supplier of critical power and subsystem components for the Iron Dome missile defense system, is expected to “benefit substantially” from the multi-billion-dollar Iron Dome expansion recently approved by Israel’s Ministry of Defense.

Shares of Nukkleus jumped nearly 20% in early trading following the news. 

Through its controlling stake in Star 26 Capital, Nukkleus is in the process of acquiring Rimon, which has established partnerships with Rafael, Elbit Systems, and other leading defense integrators. “As the new production surge ramps up, Nukkleus anticipates a significant increase in demand for Rimon’s manufacturing capabilities,” the company stated.

The Contract 

Israel’s Ministry of Defense in November announced the signing of a procurement agreement with Rafael Advanced Defense Systems to accelerate serial production of Iron Dome interceptors and supporting systems.

The contract is funded primarily through the $8.7 billion U.S. defense assistance package, which includes $5.2 billion explicitly earmarked for Israel’s air-defense systems.

Nukkleus said that in anticipation of the expanding production requirements, Rimon is preparing to scale its operations beginning in 2026.

“This historic Iron Dome expansion contract validates our strategic decision to pursue the acquisition of Rimon, and position Nukkleus at the heart of Israel’s defense industrial base,” said Menny Shalom, CEO of Nukkleus.

How Did Stocktwits Users React?

Nukkleus was the second-most trending ticker on Stocktwits. Retail sentiment on Nukkleus jumped to ‘extremely bullish’ from ‘bearish’ territory compared to a day ago, with message volumes at ‘extremely high’ levels, according to data from Stocktwits.

Shares of Nukkleus have gained nearly 294% in the last 12 months.

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Also See: Why Is ANF Stock Soaring Before The Bell Today?

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