Tech Giants Merge: Nukkleus Takes Over Tiltan for $14 Million

Nukkleus Inc. has just wrapped up a big deal. They bought Tiltan Software Engineering Ltd. for about $14 million. Tiltan is a big name in defense tech, with 30 years of experience. They specialize in AI simulation, synthetic data, and navigation systems that work without GPS. Tiltan's tech is used by some of the top defense companies in Israel. Their simulation platforms train pilots and operators. Their synthetic data helps with machine learning. Their navigation systems help military platforms work in tricky electromagnetic environments. This deal puts Nukkleus in a strong spot in the defense tech market. The defense AI market is expected to grow a lot by 2034. The military simulation market is also set to grow. Plus, there's a growing need for Tiltan's navigation solutions.Menny Shalom, CEO of Nukkleus, said Tiltan's reputation is priceless. He's proud to have them join the Nukkleus family. The company plans to build on Tiltan's legacy. The deal includes cash payments over two years and some Nukkleus stock. Tiltan is now part of Nukkleus's growing portfolio. This includes other key defense tech companies. Nukkleus is known for acquiring and scaling mission-critical suppliers. They focus on defense, aerospace, and advanced manufacturing. Tiltan is their latest addition. There are risks involved, like integrating Tiltan successfully. But Nukkleus seems ready to take on the challenge.