IRVINE, Calif. - Mobix Labs Inc. (NASDAQ: MOBX), a semiconductor company focused on next-generation connectivity solutions, has announced its role in supplying guidance system components for the U.S. Army's Javelin Missile System. The contract for an indefinite number of these systems is set to continue through 2026, though financial specifics of the deal remain undisclosed.
The Javelin Joint Venture, which includes Lockheed Martin (NYSE:LMT), has been awarded the contract due to the increasing global demand for the Javelin's capabilities in threat deterrence and defense. Charles Michaels, the Javelin international senior program manager at Lockheed Martin, highlighted the system's fire-and-forget feature as a significant factor in its widespread appeal and success in combat.
Mobix Labs views its involvement with the Javelin Missile System as a strategic win, aligning with its merger and acquisition growth strategy. The company aims to leverage this opportunity to expand into other high-reliability and aerospace marketplaces.
Mobix Labs, headquartered in Irvine, California, specializes in the development of wireless and connected technologies for a variety of applications across multiple industries, including 5G, satellite communications, automotive, consumer electronics, and defense. The company's product offerings include beamformers, antenna solutions, RF/mixed signal semiconductors, and hybrid active optical cables, among others.
The company's statement also contains forward-looking remarks regarding its potential to deliver on the Javelin Missile program and capture additional market opportunities. These statements, made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, indicate Mobix Labs' intentions but are subject to inherent risks and uncertainties that could affect actual outcomes.
This news is based on a press release statement and provides a glimpse into the company's current projects and future aspirations within the defense sector.
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