Nukkleus (NUKK) stock surged approximately 30% last Friday after announcing a strategic joint venture with Israeli aerospace and defense investment firm Mandragola. The partnership aims to establish a NATO-compliant logistics hub in Riga, Latvia, targeting the Baltic States amid heightened geopolitical tensions from the ongoing Russia-Ukraine war.
The venture will focus on commercial and defense-oriented infrastructure modernization, capitalizing on the growing global aircraft Maintenance, Repair, and Overhaul market projected to reach $124 billion by 2034.
