Veloryx, a defense tech firm, signed a non-binding memorandum of understanding to acquire a 70% stake in an Israeli electronic warfare company for a valuation of about $75 million. The target specializes in detection, jamming, and neutralization systems, including counter-drone and anti-communication tools, according to Israeli business media.
Veloryx, a defense technology firm, has signed a non-binding memorandum of understanding to acquire a 70% stake in an Israeli electronic warfare company, at a valuation of roughly $75 million. The target company specializes in electronic detection, jamming, and neutralization systems — including counter-drone, communications disruption, and signal interception tools — according to Israeli business reports (N12). The deal, in its early non-binding stage, has not yet been independently confirmed by The Zioneer. The acquisition would strengthen Veloryx's portfolio in electronic warfare and counter-unmanned aerial systems, a rapidly growing sector in Israel and globally. No further details on deal timeline or regulatory hurdles have been disclosed.
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