BOZEMAN, Mont.--(BUSINESS WIRE)--

Vision Aerial today announced that Mobix Labs, Inc ( MOBX ). has signed a binding Letter of Intent to acquire Vision Aerial, a U.S.-based builder of American-made drones for government, public safety, energy, infrastructure and industrial missions.

Vision Aerial enters the proposed transaction with growing revenue, a growing backlog and expanding market traction across mission-critical drone markets. The proposed acquisition is expected to accelerate Vision Aerial’s growth by combining its U.S.-built drone platforms with Mobix Labs’ advanced electronics, RF and sensing capabilities as worldwide demand increases for trusted aerial intelligence systems.

Forward-Looking Statements: This release contains forward-looking statements regarding the proposed acquisition, expected benefits, growth opportunities and future market demand. The transaction remains subject to definitive agreements, due diligence and customary closing conditions and may not be completed. Actual results may differ materially due to risks and uncertainties, including those described in Mobix Labs’ SEC filings.

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Source: Mobix Labs, Inc. ( MOBX )