Key facts
- Mobix Labs signed a binding letter of intent to acquire Vision Aerial.
- Vision Aerial manufactures drones for defense, public safety, and infrastructure markets.
- The acquisition aims to expand Mobix Labs' reach into U.S.-built drone systems.
- Vision Aerial's customers include the U.S. Air Force, U.S. Navy, and L3Harris.
- The deal is subject to definitive agreement and closing conditions.
Mobix Labs, Inc. (MOBX) saw its stock price increase by 30.94% in pre-market trading following the announcement of a binding letter of intent to acquire Vision Aerial, a Montana-based manufacturer of rugged drones. This strategic move is intended to propel Mobix Labs into the U.S. drone technology market, targeting sectors such as defense, public safety, energy, and infrastructure.