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--U.S. Army Awards Indefinite-Delivery, Indefinite Quantity Contract to Javelin Joint Venture through 2026--
Mobix Labs, Inc. (NASDAQ:MOBX) ("Mobix Labs" or the "Company"), a fabless semiconductor company developing disruptive next-generation connectivity technologies for 5G infrastructure, satellite communications, and defense industries, today announced it has begun delivering guidance system parts that will be used in the U.S. Army's Javelin Missile System. Financial details were not disclosed.
The U.S. Army awarded the Javelin Joint Venture a contract for the delivery of an indefinite quantity of these guided munitions through 2026. The popularity of the Javelin weapon system has risen due to the increased demand for its proven capabilities to deter and defend against threats worldwide and protect the United States and its allies. According to a press release issued by Lockheed Martin on August 31, 2023, "Javelin's success on the battlefield continues to prove its international appeal as a combat-proven precision weapon system," said Charles Michaels, the Javelin international senior program manager. "Its fire-and-forget capability has made the system a key deterrent for both our domestic services and our international allies."
The Company is excited to be developing and delivering parts in connection with the Javelin Missile System and believes that this is another design win in the defense industry that is aligned with its overall M&A growth strategy. The Company will continue to pursue access to additional marketplaces, including the high-reliability (HiRel) and aerospace industries.
Posted In: MOBX
