
Mobix Labs (NASDAQ:MOBX) signed a definitive agreement to acquire unmanned aerial systems manufacturer Vision Aerial for $15 million.
This acquisition advances a previously announced letter of intent as federal procurement shifts toward domestically manufactured drone platforms.
The company stated the transaction will be paid using cash and stock and expects closing before the end of this quarter.
Executives plan to retain the target's manufacturing operations.
The firm expects to integrate these aerial systems with its existing radio frequency and defense electronics capabilities.
Management stated the broader unmanned systems market opportunity is expanding as global customers increasingly prioritize supply-chain integrity.