Technology solutions for defense against threats
Autonomos already owns a real defense business with customers, backlog and technology, but at year-end 2025 only Bissan is proving stable economics while Skylock remains volatile and project-dependent.
Autonomos's 2026 backlog looks stronger than it did on 31 December 2025, but not with the same quality in both activities: Bissan rebuilt backlog after the balance-sheet date through several discrete orders, while Skylock enters 2026 with a larger backlog that is later in timing…
Autonomos' post-merger capital structure looks tighter than it really is in headline balance-sheet terms, but it is still extremely narrow, dominated by the convertible instrument, and exposed to FX and share-price sensitivity.
