Cemtrex

Cemtrex reports that its subsidiary Invocon has received a Phase I award under the SBIR program from the Naval Sea Systems Command for the topic "NAVSEA Open Topic for Modular Mine Warfare Components." Invocon was selected from a nationwide field of applicants for the competitive contract of the US Department of Defense. No information on contract value or timing was disclosed. Cemtrex acquired Invocon in January 2026; the company is part of Cemtrex's Aerospace & Defense segment. » Más en de.investing.com

Cemtrex sold about 1,469,507 shares and/or pre-funded warrants to an institutional investor at $2.722 each, raising approximately $4 million in gross proceeds. The closing is expected today and is being conducted under a shelf registration already effective with the SEC. The company intends to use the net proceeds for general corporate purposes, including working capital and possible acquisitions. Data from InvestingPro show high leverage (debt-to-equity ratio 2.12) and a 93.9% drop in the share price over the past year. » Más en de.investing.com

Cemtrex has completed the acquisition of Invocon and officially launched the "Aerospace & Defense" segment. The stock rose 33.8% in after-hours trading. Invocon brings a profitable platform with nearly four decades of experience, about USD 7.4 million in average annual revenue and roughly USD 1.7 million in operating income, plus relationships with the Missile Defense Agency and major contractors. Cemtrex plans to maintain customer relationships and expand its activities in missile defense and aerospace programs, including the SHIELD program. » Más en de.investing.com