North America
Mobilicom Shares Rise After New Contract
• Mobilicom shares rose 7% at $2.87 after a Tier-1 Israeli-based defense company selected its MCU-30 Lite and MCU-30 Ruggedized Mobile MESH products as key components for its new platform of perimeter protective drone fleets.
• The cybersecurity technology company said the customer, which reports about $4 billion in annual revenue, is a prime vendor for Lockheed Martin in the U.S.
• The company’s new contract with the Israeli-based defense company is expected to boost its market share.
• The company’s new contract with the defense company is expected to be a significant milestone for the company’s cybersecurity technology.
