ELAB News & Events

SVM Machining, a subsidiary of PMGC Holdings, announced the execution of a Long-Term Agreement, LTA, with Turbo-Jet Products. This marks the third long-term agreement executed by a PMGC Holdings subsidiary in 2026. Under the terms of the LTA, SVM will supply mission-critical aerospace and defense components in support of Turbo-Jet Products' commercial and defense programs. The LTA provides a framework governing all future purchase orders issued during its term. The LTA includes an initial five-year term, with provisions for annual renewals, supporting a long-term strategic supply relationship between the parties.

PMGC "announced the launch of a new wholly owned subsidiary, NorthStrive Defense Tech LLC. The Company plans for NorthStrive Defense Tech to operate in the defense technology sector, with an emphasis on drone technology, autonomous systems, and next generation unmanned defense solutions. NorthStrive Defense Tech has been established to serve as a focused platform for the Company's strategy to identify, acquire, and license advanced defense technologies, with an initial emphasis on drone and autonomous systems. The initiative is centered on sourcing differentiated and underutilized defense technologies through a range of acquisition, licensing, and partnership channels. The Company believes the defense sector is undergoing a period of significant transformation, driven by growing global defense spending, regulatory shifts favoring domestically sourced technologies, and the rapid adoption of unmanned and autonomous systems across military and national security operations. Drone technologies in particular have become an increasingly critical component of modern defense infrastructure across surveillance, logistics, and tactical deployment."

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