T3 Defense Inc. subsidiary, Water IO Ltd., announced a non-binding letter of intent to provide a $10 million loan to Meteor Aerospace Ltd. Upon completion of the loan, Water IO would acquire a 51% controlling interest in Meteor Aerospace on a post-investment basis. The transaction is contingent upon Water IO successfully completing a public offering of convertible notes on the Tel Aviv Stock Exchange. Meteor Aerospace specializes in autonomous defense systems, including loitering munitions, UAVs, UGVs, and USVs. Four of Meteor's five product lines have reached commercial maturity.