Mobilicom Ltd ADR (NASDAQ:MOB) saw its stock jump 11.3% after the company announced it secured roughly $1.4 million in new orders from a major U.S.-based drone manufacturer.
The cybersecurity and drone tech company said the orders came from an existing client described as a Tier-1 drone producer with more than $5 billion in annual revenue. This customer has incorporated Mobilicom’s SkyHopper PRO secure communications system into drones delivered to the U.S. Department of Defense (DoD).
Mobilicom Founder and CEO Oren Elkayam said these new deals signal a significant shift in the company’s trajectory. “The beginnings of an inflection point,” Elkayam said, as the company transitions to scaled-up production deliveries. He added that drones equipped with Mobilicom’s solutions are under review for multiple DoD Programs of Record.
Earlier this year, Mobilicom earned a spot on the DoD’s Blue UAS list, signaling compliance with rigorous military-grade standards. Its SkyHopper PRO device— a secure, cognitive software-defined radio— is engineered for performance in challenging conditions and aligns with both the U.S. National Defense Authorization Act and key cyber defense regulations.
The company also pointed to growing momentum in the U.S. drone industry following a recent Executive Order from President Trump. The order, titled “Unleashing American Drone Dominance,” is expected to further accelerate demand for domestic drone technologies.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.