Mobilicom Limited (MOB) Secures $1.4M In Orders From Leading Drone Manufacturer

Mobilicom Limited (NASDAQ:MOB) is among the 10 Best Low Priced Defense Stocks to Buy Now. On July 21, the company announced securing $1.4 million in orders from a customer, which happens to be a leading manufacturer of small-sized drones in the United States.

Mobilicom Limited (MOB) Secures $1.4M In Orders From Leading Drone Manufacturer

The company stated that the customer is a Tier-1 manufacturer with annual sales exceeding $5 billion. Moreover, it integrates SkyHopper PRO as a vital component in drones sold to the U.S. Department of Defense (DoD).

Earlier in the year, Mobilicom Limited (NASDAQ:MOB) was added to the DoD’s shortlist of Blue UAS-certified vendors, resulting in an increase in interest from major defense contractors. CEO and Founder, Oren Elkayam, believes this will lead to further design wins for the company’s systems.

Elkayam expects President Trump’s executive order, Unleashing American Drone Dominance, signed last month, to significantly hike demand for drone technologies and add further momentum for the company.

Mobilicom Limited (NASDAQ:MOB) provides cybersecure solutions for the defense and commercial drones and robotics market.

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Disclosure: None.