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Innovation X Advisors participates in Shield AI's $1.5 billion Series G financing. NEW YORK-(BUSINESS WIRE)-Today, late-stage venture capital firm Innovation X Advisors LLC ("Innovation X") announced its participation in the $1.5 billion Series G financing of Shield AI, Inc. ("Shield AI"), a San Diego-based defense technology company specializing in artificial intelligence, autonomous systems, and next-generation aircraft. The financing values Shield AI at $12.7 billion post-money. Innovation X's participation reflects its investment thesis in companies operating at the intersection of AI and national security. Shield AI's Series G financing included participation from Innovation X and other existing investors. The transaction also included $500 million of fixed-return preferred equity financing and an additional $250 million delayed draw facility, providing substantial capital to support the company's continued growth, accelerate the development of its autonomous systems, and advance its long-term strategic initiatives. Founded in 2015, Shield AI is a venture-backed defense-tech company with the mission of protecting service members and civilians with intelligent systems. Its flagship products include Hivemind autonomy software, the V-BAT and X-BAT aircraft, and Aechelon simulation and synthetic reality technologies. According to Shield AI, Hivemind has piloted 26 classes of vehicles - including F-16s, jet-powered UAVs, helicopters, drone boats, and ground vehicles - and was selected by the U.S. Air Force as a mission autonomy provider for its Collaborative Combat Aircraft (CCA) program. A portion of the Series G proceeds will help fund Shield AI's planned acquisition of Aechelon Technology, a defense software company in high-fidelity simulation and physics-based sensors whose technology supports national security platforms including the Pentagon's Joint Simulation Environment. About Innovation X's Investment Approach As the leader of Innovation X, a multi-billion-dollar late-stage venture capital fund focused on investing in privately held companies with innovative or disruptive technologies, Roger Monteforte's continued backing of Shield AI reflects the firm's disciplined focus on identifying and scaling next-generation organizations before they reach the public markets. In addition to his nearly three decades of financial experience, Roger has a comprehensive understanding of how emerging technologies such as AI, machine learning, aerospace, and national security can shape our world. Company and firm statements "This capital lets us keep building at scale," said Brandon Tseng, president and co-founder of Shield AI. "V-BAT and Hivemind continue to deliver increased operational effects for our customers, and X-BAT, the world's first AI-piloted VTOL fighter jet, is next. Bringing on Aechelon adds the simulation technology that will train and test all military systems of consequence before they reach the battlefield. We appreciate Innovation X's continued conviction in this work." "Shield AI is exactly the kind of company that Innovation X is built to back - a business solving an important problem in defense technology," said Roger Monteforte, Chairman and CEO of Innovation X and founder and CEO of the Forte Capital Group. "We believe the future of defense will be shaped in software, trained in simulation, and proven in the field. Our continued participation reflects the deep conviction we and our clients have in this team and this technology." About Innovation X Founded in 2016 by Roger Monteforte, Innovation X is a late-stage venture capital firm that invests in privately held companies with innovative or disruptive technologies across defense technology, fintech, artificial intelligence, infrastructure, and the space economy. Innovation X Advisors has over $4.5B under management across multiple funds (as reported on Form ADV as of 12/31/2025). Important Disclosures Relationship and conflict disclosure. Forte Capital Group is a division of Ceros Financial Services, Inc., member FINRA/SIPC. Innovation X Advisors LLC is a commonly owned affiliate of Ceros Financial Services, Inc. Roger Monteforte serves as Chairman and CEO of Innovation X Advisors LLC and as founder and CEO of Forte Capital Group. Innovation X currently holds an investment position in Shield AI, Inc. and has raised capital in connection with that investment and therefore has a financial interest in Shield AI. Risk. Investments in late-stage private companies involve substantial risk, including the potential loss of the entire amount invested. Such investments are illiquid, may not have a public market, have long and uncertain time horizons, and their values can decline. There is no guarantee that any company referenced will achieve its objectives or that any investment will be profitable. Past performance. Any reference to prior investments reflects selected examples that do not represent all investments made by Innovation X. Not all investments were or will be profitable. Past performance does not guarantee future results. No offer. This communication is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security or investment advisory service. Valuation figures reflect the terms of the referenced financing and are not a measure of Innovation X's investment performance or realized returns.

Honeywell Aerospace, Shield AI collaborate to advance development of autonomous aircraft. * Honeywell Aerospace and Shield AI have signed an agreement to develop trusted AI-powered flight autonomy for defence and future commercial aviation applications. * The collaboration will combine Honeywell's certified avionics with Shield AI's Hivemind autonomy software to accelerate deployment of autonomous aircraft. * The companies will also explore joint defence programmes and the integration of Honeywell's safety-critical systems into Shield AI's unmanned aircraft platforms. Honeywell Aerospace and Shield AI, a leader in AI-powered mission autonomy, today announced a memorandum of understanding under which Honeywell Aerospace will develop a trusted autonomy software stack on Shield AI's Hivemind Software Development Kit, integrating Honeywell Aerospace's Anthem(TM) avionics, navigation, and sensing portfolio. The collaboration aims to help defense operators move from demonstration to deployment faster across a wider range of operational environments, without having to rebuild confidence in each new system every time. In parallel, the companies will explore the architecture required to bring trusted, AI-piloted autonomy to commercial aviation and other transportation applications. Shield AI will also evaluate the use of Honeywell Aerospace's high-integrity, safety-critical products on its own uncrewed aircraft platforms. The central challenge in mission autonomy is no longer whether software can fly an aircraft - it is whether that aircraft can be certified and trusted to fly without direct human control. Regulators, defense customers, and commercial operators each require confidence in the underlying system before it can be fielded. Closing that gap is the objective of this collaboration. "Autonomy software can fly an aircraft, but trust has to be engineered into the architecture, not bolted on after," said Matt Milas, president, Defense & Space, Honeywell Aerospace. "Our role is to build the certified, design-assured foundation that lets a warfighter, a regulator and a fleet operator all trust the same platform. That's the layer we bring to this collaboration, the one that turns intelligence like Hivemind into something that can be deployed safely and at scale anywhere in the world." "Honeywell Aerospace's certified avionics, navigation, and sensing systems paired with Hivemind, which delivers mission autonomy for intelligent, collaborative operations, create a trusted foundation for AI-piloted flight," said Gary Steele, CEO, Shield AI. "This collaboration reflects how the aerospace and defense ecosystem is evolving, bringing the best of autonomy and certified hardware to address transportation and national security challenges." Under the collaboration, the companies will evaluate joint pursuits of defense unmanned aerial system programs globally and explore how Honeywell Aerospace's certified systems can extend Hivemind's reach into both U.S. and international markets, supporting allied nations seeking domestic autonomy capability. Anastasiya Simsek is an award-winning journalist with a background in air cargo, news, medicine, and lifestyle reporting. For exclusive insights or to share your news, contact Anastasiya at [email protected]. Etihad and abra group unveil strategic partnership at farnborough airshow. UK prime minister andy burnham outlines aerospace vision at farnborough.

Siemens advances aerospace innovation with industrial AI at Farnborough International Airshow. * The Exploration Company has adopted Siemens Xcelerator software to accelerate the development of its reusable spacecraft and rocket propulsion systems. * The integrated digital engineering platform will help streamline design, manufacturing and collaboration while reducing development time and complexity. * The partnership supports faster, scalable spacecraft production as the European startup expands its reusable space transportation programme. Siemens announced that The Exploration Company, a European aerospace industry startup focused on reusable space systems, has adopted software from the Siemens Xcelerator portfolio to speed the development of its space systems, reduce design complexity, improve engineering collaboration and enable faster, more scalable spacecraft development. Founded in 2021, The Exploration Company develops reusable, launcher-agnostic space systems, including the Nyx spacecraft family and high-performance rocket propulsion systems, designed to transport cargo - and eventually crew - to destinations in Earth orbit and beyond. It is working with Siemens to connect engineering disciplines in a single environment that supports efficient, scalable development. By leveraging Siemens' integrated software across engineering and manufacturing, the company can reduce rework and accelerate product development. "At The Exploration Company, our mission is to make space more accessible through reusable technology. Achieving this requires an advanced, scalable engineering environment," said Daniel Prudente Martins, principal EWIS & electrical interfaces, Nyx Avionics, The Exploration Company. "Working with Siemens and adopting its best-in-class industrial software is helping us connect our engineering processes, reduce rework, accelerate development and streamline manufacturing as we scale our operations. For Mission Bikini, our orbital demonstration capsule, we progressed from initial concept to flight hardware in just nine months, demonstrating the speed at which our integrated engineering approach enables rapid development" "The future of aerospace will be defined by companies that combine speed, innovation and engineering precision at scale," said Edwin Severijn, senior vice president and general manager for Europe, Middle East, Africa (EMEA), Siemens Digital Industries Software. "Our work with The Exploration Company exemplifies how Siemens Xcelerator and the comprehensive digital twin helps customers build a connected digital enterprise that accelerates development and enables them to meet the rigorous demands of next generation space programs." The Exploration Company is using Siemens' Designcenter(TM) software for mechanical design, Simcenter(TM) software for advanced engineering simulation, Capital(TM) software for electrical systems design, enabling the creation and validation of electrical architectures across the development process and Teamcenter(R) software for product lifecycle management and collaboration. Together, these solutions enable a connected engineering environment that integrates mechanical, electrical and simulation workflows and domains, with Teamcenter providing a consistent data backbone across the lifecycle. This allows the company to model and optimise complex processes with changes in one domain reflected across others. The result is improved data consistency, enhanced traceability and reduced development risk, while enabling a comprehensive Digital Twin for earlier validation and improved mission assurance. The integrated Siemens Xcelerator toolchain also helps support certification requirements typical in aerospace programs. Anastasiya Simsek is an award-winning journalist with a background in air cargo, news, medicine, and lifestyle reporting. For exclusive insights or to share your news, contact Anastasiya at [email protected]. Etihad and abra group unveil strategic partnership at farnborough airshow. Honeywell Aerospace, Shield AI collaborate to advance development of autonomous aircraft.