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Mobix Labs Inc. (MOBX) on Thursday announced that it has been selected by a major manufacturer to conduct a feasibility study focused on next-generation smart munitions technology for anti-drone applications.
“The feasibility program is focused on evaluating technology designed to improve how certain munitions respond as they approach a target,” the company said.
Mobix stated that the early-stage program positions it in a segment set for continued investment and innovation.
Mobix Labs shares were up more than 37% in Thursday’s pre-market trade. Retail sentiment on Stocktwits around the company was in the ‘bearish’ territory at the time of writing.
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