Mobix Labs Begins Delivery of Filtered Connectors for Use in the U.S. Navy’s Tomahawk Missile System

Rhea-AI Summary

Mobix Labs, Inc. (Nasdaq: MOBX) has announced the delivery of filtered connector parts for the U.S. Navy's Tomahawk Cruise Missile, extending its service life by 15 years. The U.S. has thousands of Tomahawk missiles in its arsenal and in vessels deployed globally, with the U.S. and its allies having used the ammunition in combat over 2,300 times. The Company's components are being used in the new and modernized Block V series, reflecting its M&A growth strategy.

Insights

Defense Industry Analyst

The commencement of deliveries by Mobix Labs of filtered connector parts to the U.S. Navy's Tomahawk Cruise Missile program is a strategic development for the company. The integration of their components into a high-profile military application not only solidifies their standing in the defense sector but also potentially opens up further opportunities for growth and diversification. The longevity of the Tomahawk Block V series, with a service life extension of 15 years, suggests a sustained demand for replacement parts and upgrades, which could provide a stable revenue stream for Mobix Labs over an extended period.

Defense contracts are typically accompanied by rigorous quality requirements and long-term commitments, which can lead to increased visibility and predictability in future earnings. However, the financial impact on Mobix Labs will depend on the size and terms of the contract, which were not disclosed. Investors should monitor the company's future disclosures for more detailed financial implications of this deal.

Market Research Analyst

As a fabless semiconductor company, Mobix Labs' entry into the defense industry supply chain is indicative of the broader trend of tech firms expanding into dual-use technologies that serve both commercial and military applications. This move aligns with the company's M&A growth strategy, potentially enhancing its market position and diversifying its risk profile.

It's important to consider the competitive landscape and the unique nature of defense procurement processes. While the defense industry can offer substantial contracts, it is also characterized by long sales cycles and high barriers to entry. Success in this arena could signal Mobix Labs' ability to meet stringent performance and reliability standards, which could have positive implications for its reputation and its performance in other sectors.

Financial Analyst

Investors should consider the implications of Mobix Labs' announcement in the context of the company's overall financial health and strategic direction. The defense industry is known for its cyclical nature, with spending often influenced by geopolitical tensions and government budgets. Given the lack of financial details, it is challenging to quantify the immediate impact on Mobix Labs' bottom line. However, the deal may be viewed as a positive indicator of the company's potential to secure future contracts and enhance shareholder value over the long term.

Furthermore, the defense sector's emphasis on reliability and security may necessitate significant R&D investment from Mobix Labs, impacting profit margins. Investors should weigh the potential long-term benefits against the upfront costs and the company's ability to manage the complexities associated with defense contracts.

--Tomahawk Block V extends service life by 15 years --

IRVINE, Calif.--(BUSINESS WIRE)-- 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 filtered connector parts that are used in the U.S. Navy’s Tomahawk Cruise Missile. Financial details were not disclosed.

According to a recent article in Newsweek, the U.S. has thousands of Tomahawk missiles in its arsenal and in vessels deployed around the world. The U.S. and its allies have used the ammunition in combat more than 2,300 times, according to Raytheon, including in Syria. There are several variations of the Tomahawk, including the new and modernized Block V series that the U.S. has spent the last few years upgrading. The Tomahawk cruise missile is a long-range precision weapon launched from the U.S. military's ships and submarines. It can "strike targets precisely from 1,000 miles away, even in heavily defended airspace," according to the missile's manufacturer, defense giant Raytheon.

The Company is excited to announce another defense industry program using its components as a result of its M&A growth strategy. The Company will continue to engage in additional accretive M&A activities that will increase its access to additional marketplaces and industry verticals.

About Mobix Labs, Inc.

Based in Irvine, California, Mobix Labs is a fabless semiconductor company developing disruptive next generation wireless and connected solutions that are designed to cater to a broad range of applications in markets including 5G infrastructure, satellite communications, automotive, consumer electronics, e-mobility, healthcare, infrastructure and defense. Through its True5G™ and True Xero™ technologies, the company develops ultra-compact, fully integrated, single-chip, single-die, CMOS-based mmWave beamformers, antenna solutions and RF/mixed signal semiconductors, as well as hybrid active optical cables, transceivers and optical engines. More information on the company can be found by visiting http://www.mobixlabs.com or by following on X @MobixLabsInc and LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about capturing additional opportunities in the future, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, such as Mobix Labs’ ability to deliver guidance system parts in connection with the U.S. Navy’s Tomahawk Missile program. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and Mobix Labs undertakes no duty to update such information, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240130387809/en/

Media Contact:

Jeff Fox, The Blueshirt Group

415.828.8298

jeff@blueshirtgroup.com

Investor Contact:

Lori Barker, The Blueshirt Group

408.313.7630

lori@blueshirtgroup.com

Source: Mobix Labs, Inc.

FAQ

What is the latest announcement from Mobix Labs, Inc. (Nasdaq: MOBX)?

Mobix Labs, Inc. (Nasdaq: MOBX) has announced the delivery of filtered connector parts for the U.S. Navy's Tomahawk Cruise Missile, extending its service life by 15 years.

How many Tomahawk missiles does the U.S. have in its arsenal?

The U.S. has thousands of Tomahawk missiles in its arsenal.

How many times have the U.S. and its allies used the Tomahawk missiles in combat?

The U.S. and its allies have used the ammunition in combat over 2,300 times.

In what series are Mobix Labs' components being used?

The Company's components are being used in the new and modernized Block V series.

What growth strategy is reflected in the PR?

The Company's components being used in the new and modernized Block V series reflects its M&A growth strategy.