Mobix Labs shares surge 41.92% after initial F-16 component order

  • Mobix Labs secured its first production order for components supporting Lockheed Martin F-16 aircraft.
  • MOBX rose 41.92% to $1.32 Tuesday, with additional connector deliveries scheduled within weeks.
  • Mobix Labs now supplies components for F-22, F-35, F/A-18 and F-16 fighter programs.

Mobix Labs shares rose 41.92% to $1.32 on Tuesday, briefly reclaiming the $1 threshold and reaching a session high near $1.32 after the company announced its first production contract for Lockheed Martin F-16 Fighting Falcon components. A veteran-owned aerospace sustainment contractor supporting the U.S. Air Force F-16 program ordered EMI-filtered connectors from Mobix Labs' EMI Solutions division. The connectors were manufactured at the company's defense-certified plant in Irvine, California, and the first batch has been shipped, with further deliveries scheduled over the next several weeks. The F-16 order expands Mobix Labs' fighter-aircraft exposure to four programs: the F-22 Raptor, F-35 Lightning II, F/A-18 Super Hornet and F-16. The company previously reported approximately fivefold growth in F-22 component demand after new and expanded agreements with two F-22 subcontractors in April. Lockheed Martin shares rose about 1.7% during the session. MOBX substantially outperformed the technology sector, with XLK up 0.42% on Tuesday, while Technology ranked third among 11 sectors. Mobix Labs develops connectivity, radio-frequency and electromagnetic-interference filtering products for defense, aerospace, commercial and industrial customers.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.