First Breach ends ideaForge JV, dropping $25M obligation; LRS drone completes first test flight

First Breach, Inc.

JV with ideaForge Technology terminated effective Oct. 26, 2026; First Breach no longer owes up to $25.0M capital contribution, including a $10.0M tranche due Dec. 31, 2026.
No early termination penalties incurred; each party released the other from claims, with confidentiality, governing law and dispute resolution terms surviving.
Company says it will continue manufacturing unmanned aerial systems in its own factory and advance its UAS program with Hellbender, Inc.
Long Range Strike platform completed its first test flight: Class 1, under 9 kg, >20 km range, ~1 kg payload, ~120 km/h, joining the Close Quarters Strike in flight testing.
LRS calls for 100% non-Chinese sourcing of battery, motors, power electronics, flight control, flight computer and vision guidance; scaled production targeted for Q2 2027.

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