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NEW YORK - Nukkleus Inc. (NASDAQ:NUKK), a company focused on acquisitions in the Aerospace & Defense industry, has been added to the Russell Microcap Index effective June 30, 2025, as part of the annual Russell indexes reconstitution.
The Russell Microcap Index, which captures small-cap U.S. stocks based on market capitalization rankings as of April 30, provides automatic inclusion in appropriate growth and value style indexes. Membership remains in place for one year. According to InvestingPro analysis, Nukkleus currently appears undervalued, with 8 additional key insights available to subscribers.
In December 2024, Nukkleus announced plans to acquire a 51% controlling interest in Star 26 Capital Inc., which owns B. Rimon Agencies Ltd., an Israeli company that supplies defense products including energy generators for Israel’s Iron Dome launchers. The acquisition remains subject to closing conditions, including shareholder approval. InvestingPro data shows the company operates with moderate debt levels, though its current ratio of 0.13 indicates potential liquidity challenges.
"Inclusion in the Russell Microcap Index represents a meaningful milestone for Nukkleus as we continue executing our disciplined M&A strategy within the Aerospace & Defense sector," said Menny Shalom, Nukkleus CEO, in a press release statement.
Russell indexes are widely utilized by investment managers and institutional investors, serving as benchmarks for approximately $10.6 trillion in assets as of June 2024, according to FTSE Russell, the global index provider.
Nukkleus (NASDAQ:NUKK) focuses on acquiring suppliers across defense, aerospace, and advanced manufacturing sectors, with operations in the United States and Israel. The company targets Tier 2 and Tier 3 companies supporting national security infrastructure. Trading at $9.96, the stock has experienced significant volatility, with a 52-week range of $1.30 to $78.32, reflecting the dynamic nature of its growth strategy.
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