Irvine-based Mobix Labs Inc. said today that it has signed a letter of intent to acquire Vision Aerial Inc., a Montana-based manufacturer of American-built drones used in national security, government, energy, public safety and critical infrastructure operations.
Once completed, the deal moves Mobix Labs into the growing drone and aerial intelligence markets, where drones are used to inspect critical assets, support emergency response and reach dangerous or costly locations. Vision Aerial’s customers and end users include the U.S. Air Force, U.S. Navy, USDA Forest Service, L3Harris, energy and utility operators and research universities. (Nasdaq: MOBX)
Terms of the transaction were not disclosed.
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