Mobix Labs to Acquire U.S.-Built Drone Maker Vision Aerial

IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) today announced that it has signed a binding Letter of Intent to acquire Vision Aerial, Inc., a Montana-based manufacturer of American-built drones trusted in national security, government, energy, public safety and critical infrastructure operations.

The proposed acquisition moves Mobix Labs into the fast-growing global drone and aerial intelligence markets, where secure, high-performance drones are increasingly used to protect national security interests, inspect critical assets, support emergency response and reach places too dangerous or costly for people to access manually. Vision Aerial’s customer and end-user base includes the U.S. Air Force, U.S. Navy, USDA Forest Service, L3Harris, major energy and utility operators and leading research universities. Transaction terms were not disclosed. Completion remains subject to definitive agreements, due diligence, customary closing conditions and approvals.

Forward-Looking Statements: This release contains forward-looking statements subject to risks and uncertainties described in Mobix Labs’ filings with the U.S. Securities and Exchange Commission. Actual results may differ materially. Mobix Labs undertakes no obligation to update except as required by law.

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