Mergers & Acquisitions ·
Tessera Defense secures option to acquire 51% stake in RT LTA Systems for up to $13M
HLSQTessera Defense & Homeland Security Inc.
On September 24, 2026, Tessera Defense and Homeland Security Inc. entered into an Option Agreement with X S.E. Security and Defense Ltd. to acquire a 51% stake in RT LTA Systems Ltd., an Israeli developer of tethered aerostat systems for surveillance. The company must remit $1,000,000 as consideration for the option within 30 days, which is refundable if not exercised or credited against the purchase price upon exercise. The option expires in 90 days and is subject to due diligence and regulatory approvals. If the option is exercised, the purchase price is capped at $13 million or based on EBITDA multiples, with an initial payment of $2 million. Additionally, Tessera Israel secured a perpetual, non-exclusive license for RT's technology regardless of whether the acquisition proceeds. The company operates in the defense and homeland security industry.