T3 Defense Subsidiaries Rimon and Tiltan Report Record Year-to-Date Revenue and Backlog
Key Takeaways
- •Rimon's July 2026 revenue of $2.6 million set an all-time monthly high, and its year-to-date revenue of approximately $5.25 million already surpassed its full-year 2025 total of $4.6 million.
- •Tiltan reported approximately $1.0 million in year-to-date revenue and $2.5 million in total purchase orders, driven by global defense customers selecting its unique aerial sensor simulation capabilities.
- •As of July 31, 2026, Rimon and Tiltan collectively held $3.6 million in backlog alongside $4.4 million in additional outstanding proposals not yet converted to binding orders.
- •T3 Defense projects that Rimon's full-year 2026 revenue will exceed $7.2 million and Tiltan's will surpass $4.0 million.
- •Rimon is preparing for operational expansion through additional hiring, new management software systems, and evaluation of a larger production facility to address growing demand.

NEW YORK and NETANYA, Israel, July 31, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS), a defense technology holding company, announced that its wholly owned subsidiaries Rimon and Tiltan each achieved record year-to-date figures across revenue, new orders received, and total backlog.
Israel consistently ranks among the world's top ten defense exporters, and the country's defense technology sector has experienced elevated demand driven by both domestic procurement and international orders. T3 Defense's holding company structure is designed to consolidate specialized firms within this ecosystem, providing them with centralized capital access and strategic resources while preserving their technical focus.
Menny Shalom, Chief Executive Officer of T3 Defense, said: "With July being a milestone month for T3 Defense, both Rimon and Tiltan posted the strongest year-to-date revenue, order intake, and backlog levels. We believe that reflects the growing demand for their capabilities and the strength of the customer relationships each team has built. We remain focused on converting this momentum into durable, long-term growth across the platform."
Rimon Performance
Rimon recorded $2.6 million in revenue for July 2026, representing an all-time monthly high. Year-to-date revenue reached approximately $5.25 million, already surpassing full-year 2025 revenue of $4.6 million. As of July 31, 2026, Rimon held a $2.1 million backlog scheduled for delivery through year-end, along with $0.9 million in additional outstanding proposals not yet converted to orders.
Rimon currently anticipates full-year 2026 revenue to exceed $7.2 million.
The subsidiary's performance has been driven by significant growth in activity volumes, deliveries, and orders supporting leading companies and entities in Israel's defense industry. This growth reflects rising customer confidence in Rimon's product quality, engineering and manufacturing capabilities, service levels, and ability to meet tight schedules and complex demands.
To support increasing demand and an expanding project backlog, Rimon is preparing for operational expansion. Initiatives include hiring additional personnel, developing advanced operational systems and management software, and evaluating a move to a larger production facility to increase capacity.
Tiltan Performance
Tiltan reported approximately $1.0 million in year-to-date revenue, with $2.5 million in total purchase orders received year-to-date. As of July 31, 2026, Tiltan held a $1.5 million backlog and had $3.5 million in additional outstanding proposals not yet converted to orders.
Tiltan currently anticipates full-year 2026 revenue to exceed $4.0 million.
Tiltan's performance has been driven by orders from leading global defense customers for the development of advanced aerial sensors. Customers selected Tiltan's solutions after evaluating multiple alternatives, citing unique capabilities not available elsewhere for high-fidelity external-world simulation of day and thermal sensors. These systems enable customers to shorten development cycles, reduce technical risk, and lower costs by minimizing the need for extensive field testing.
The adoption of modeling and simulation tools has become a growing priority across defense procurement programs globally, as militaries seek to manage development costs and accelerate fielding timelines for increasingly complex sensor and electronic warfare systems.
Backlog and Operating Metrics
Total pipeline, as referenced in this release, refers to the aggregate value of proposals and quotations submitted by Rimon and Tiltan to customers that have not yet been approved, awarded, or converted into binding purchase orders or contracts as of the date indicated. Backlog is an internal operating metric that is unaudited and has not been prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). It should not be construed as a guarantee of future revenue. Backlog is inherently uncertain and subject to change, including reduction, cancellation, or non-conversion, without notice. There can be no assurance that any portion of reported backlog will result in actual orders, revenue, or cash flow in any future period.
Revenue and new order figures presented in this release are preliminary, unaudited, and subject to adjustment in connection with the Company's regular financial closing and review procedures, including in its periodic reports filed with the U.S. Securities and Exchange Commission (the "SEC").
About T3 Defense Inc.
T3 Defense Inc. (Nasdaq: DFNS) is a defense technology holding company pursuing an active acquisition and value-creation strategy across the defense technology sector. The Company's wholly owned subsidiaries include Rimon, Tiltan, Nimbus, and Nukk Picolo Ltd.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. These statements are not historical facts and may include statements regarding the Company's expectations, beliefs, plans, or intentions, including anticipated future revenue, orders, backlog conversion, growth trends, and the future performance of Rimon, Tiltan, and the Company's other subsidiaries.
These forward-looking statements are based on current expectations and assumptions subject to risks and uncertainties that could cause actual results to differ materially, including: the fact that reported backlog consists of unapproved proposals that may not convert into binding orders or revenue; the risk that record monthly results may not be indicative of future or sustained performance; risks associated with the Company's liquidity, capital resources, and ability to access funding under its equity line of credit facility; risks relating to pending and future acquisitions, dispositions, and corporate restructuring transactions; competitive, regulatory, and geopolitical conditions affecting the defense sector, including conditions in Israel; the Company's ability to maintain compliance with Nasdaq listing requirements; and other risks described in the Company's filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements.
Contact: T3 Defense Inc., 575 5th Avenue, New York, NY 10017 — [email protected] — www.t3dfns.com
Investor Relations: The Equity Group Inc. — Lena Cati ([email protected], +1 212 836-9611) — Val Ferraro ([email protected], +1 212 836-9612)
Source: GlobeNewswire