T3 Defense subsidiary signs LOI for $10M loan to acquire 51% of Israeli drone maker Meteor

Filed April 16, 2026 · Period ending April 16, 2026 · ~1 min read

Key Changes

• high

  Water IO (majority-owned by T3 Defense) signed non-binding letter of intent to lend $10M to Meteor Aerospace for 51% equity stake. Meteor specializes in loitering munitions, UAVs, UGVs, USVs, and precision-guided missiles.

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• high

  Deal contingent on Water IO completing convertible note offering on Tel Aviv Stock Exchange, due diligence, definitive agreements, and regulatory approvals. No assurance transaction will close.

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  Meteor led by Itzhak Nissan, former President/CEO of Israel Aerospace Industries. Four of five product lines commercially mature, positioning for near-term revenue in Israel and global defense markets.

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