Autonomous Power Corporation, dba Powerus, expected to close its merger into a subsidiary of Aureus Greenway Holdings on October 1, with the combined autonomous defense technology company renamed Powerus Corporation and trading as PUSA.
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Nasdaq-listed Forafric Global signed a letter of intent to acquire 100% of AL NASR Industries & Systems, a recently established Moroccan industrial platform focused on defense projects. AL NASR holds minority stakes in two companies developing defense manufacturing plants in Morocco. Financial terms were not disclosed.
Energetics maker Critical Materials Group acquired national-security lab RMSL; terms were not disclosed.
Beam Global signed a deal to acquire ScoutDI, an industrial inspection drone company, for about $24 million in cash and stock.
Analogic, Altaris and Leidos closed the transaction combining Analogic with Leidos' Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses, operating privately under the Analogic brand.