Mobix Labs Begins Delivery of Filtered Connectors for Use in the U.S. Navy’s Tomahawk Missile System
January 30 2024 - 7:00AM
Business Wire
--Tomahawk Block V extends service life by 15
years --
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.
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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
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