Mobilicom Shares Rise After New Contract

Dow Jones

Jan 28, 2025

By Chris Wack

Mobilicom shares were up 7% at $2.87 after the company said a Tier-1 Israeli-based defense company has selected its MCU-30 Lite and MCU-30 Ruggedized Mobile MESH products as key components for its new platform of perimeter protective drone fleets.

The cybersecurity technology company said the customer, which reports about $4 billion in annual revenue, is a prime vendor for Lockheed Martin in the U.S. and a major supplier of defense systems, including loitering munitions, sold to over 40 countries, including European Union and NATO member countries.

Mobilicom's MCU-30 products will provide cybersecure networking for the customer's latest drone platform that is designed to deliver perimeter protection through drone fleets, including fixed-wing uncrewed autonomous vehicles.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 28, 2025 10:08 ET (15:08 GMT)

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