financetom
Business
financetom
/
Business
/
Mobix Labs, Arrow Electronics Collaborating to Expand Distribution of Electromagnetic Interference Filters to US Military
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mobix Labs, Arrow Electronics Collaborating to Expand Distribution of Electromagnetic Interference Filters to US Military
May 6, 2024 8:55 AM

11:41 AM EDT, 05/06/2024 (MT Newswires) -- Mobix Labs ( MOBX ) said Monday it has entered into a distribution agreement with Arrow Electronics ( ARW ) to sell its electromagnetic interference filtering products in defense and aerospace markets.

Mobix ( MOBX ) filtering products eliminate unwanted signal noise from electronic systems. The company said it has begun delivering filtered connector parts that are used in the US Navy's Tomahawk cruise missile program and the US. Army's M-1 Abrams tank program.

Financial terms of the agreement were not disclosed.

Mobix ( MOBX ) shares recently 0.3% higher while Arrow was ahead by 1.5%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Analysis-Brazil joins race to loosen China's grip on rare earths industry
Analysis-Brazil joins race to loosen China's grip on rare earths industry
Jun 17, 2024
MELBOURNE/RIO DE JANEIRO (Reuters) - Mining giant Brazil has big ambitions to build a rare earths industry as Western economies push to secure the metals needed for magnets used in green energy and defence and break China's dominance of the supply chain. Working to its advantage are low labour costs, clean energy, established regulations and proximity to end markets, including...
Market Chatter: Carlyle Group Pursues Sale of Cogentrix Energy
Market Chatter: Carlyle Group Pursues Sale of Cogentrix Energy
Jun 17, 2024
05:10 AM EDT, 06/17/2024 (MT Newswires) -- Carlyle Group ( CG ) is considering a sale of electric power company Cogentrix Energy, the Financial Times reported, citing unnamed people familiar with the matter. The private-equity firm is seeking to sell the company, which has stakes in 13 US natural gas power plants, at a valuation of as much as $3...
Market Chatter: Meta Platforms Facing Potential Charges for Alleged Violation of EU's Digital Markets Act
Market Chatter: Meta Platforms Facing Potential Charges for Alleged Violation of EU's Digital Markets Act
Jun 17, 2024
05:16 AM EDT, 06/17/2024 (MT Newswires) -- Meta Platforms ( META ) is facing a potential fine over its alleged violation of the European Union's Digital Markets Act or DMA, Reuters reported Friday, citing unnamed sources familiar with the matter. According to the report, sources said Meta's violation relates to its recent introduction of a subscription fee for an ad-free...
Regeneron Pharmaceuticals Says 50% of Patients in Multiple Myeloma Therapy Study Achieved Complete Response
Regeneron Pharmaceuticals Says 50% of Patients in Multiple Myeloma Therapy Study Achieved Complete Response
Jun 17, 2024
04:53 AM EDT, 06/17/2024 (MT Newswires) -- Regeneron Pharmaceuticals ( REGN ) said Sunday long-term data from an early-to-mid-stage trial of its experimental therapy, linvoseltamab, showed that 50% of patients with relapsed/refractory multiple myeloma, a type of blood cancer, achieved a complete response while the overall response rate was 71%. The study compared linvoseltamab with real-world standard-of-care treatment in clinical...
Copyright 2023-2026 - www.financetom.com All Rights Reserved