Mobilicom Receives Commercial Scale Purchase Order From Teledyne-FLIR For Initial Production Of Drones For US DOD; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Mobilicom has received a commercial scale purchase order from Teledyne-FLIR for the initial production of drones for the US Department of Defense. The financial terms of the deal were not disclosed.
July 10, 2023 | 11:18 am
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Teledyne-FLIR, a subsidiary of Teledyne Technologies, has placed a large-scale order with Mobilicom for drone production. This could potentially increase the company's production and sales.
The large-scale order from Teledyne-FLIR could potentially increase Mobilicom's production and sales, which could positively impact Teledyne's stock in the short term. However, the financial terms of the deal were not disclosed, so the exact impact is uncertain.
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