Tessera Defense and Homeland Security Inc. announced on September 24, 2026, that its wholly owned subsidiary, Tessera Defense and Homeland Security Israel Ltd., has entered into an Option Agreement with X S.E. Security and Defense Ltd. to acquire RT LTA Systems Ltd.
The agreement grants Tessera Israel the right to purchase 51% of the issued and outstanding shares of RT, representing the entire share capital held by X SE. RT is an Israeli company specializing in the development and manufacturing of tethered aerostat systems for surveillance and communications.
Under the terms of the agreement, Tessera Israel has 90 days from the signing date to exercise the option. The purchase price is defined as 51% of the equity value of RT, calculated as the lower of $13,000,000 or two times RT’s average EBITDA plus 10% of its average revenue for fiscal years 2026, 2027, and 2028.
As consideration for the option, Tessera Israel is required to remit $1,000,000 to X SE within 30 days. This amount will be credited toward the final purchase price if the option is exercised. If the option is not exercised or the agreement is terminated, the $1,000,000 is refundable.
The transaction is subject to the completion of due diligence satisfactory to Tessera Israel and the receipt of various approvals, including those from the boards of directors of the parties, the Company, the Israeli Ministry of Defense, and the Israel Innovation Authority.
Additionally, X SE has agreed to grant RT a non-exclusive, perpetual license of its technology to Tessera Israel within 60 days of the agreement, regardless of whether the option is exercised. X SE is also prohibited from soliciting alternative transactions involving RT during the option period.
