Resilient Energy Inc. (OTCPK:RENI) signed a Letter of Intent to acquire Challenger Aerospace Systems Inc. on February 22, 2024.

Resilient Energy Inc. (OTCPK:RENI) completed the acquisition of Challenger Aerospace Systems Inc. on April 2, 2024. Challenger Aerospace & Defense, Inc. will transfer 100% ownership to Resilient Energy, Inc., becoming a wholly owned subsidiary. Existing management, including its founder and Chief Executive Officer, will continue in their current roles.