Mobix Labs to Acquire Montana’s Drone Maker Vision Aerial

–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.