Mobix Labs shares rise 16.02% intraday after securing a production contract for EMI filter modules with the U.S. Navy.

Mobix Labs, Inc. rose 16.02% in intraday trading, with the company announcing that it has secured a production contract to deliver custom EMI filter modules enhancing secure communications on U.S. Navy vessels. The Navy has greenlit Mobix Labs' technology for a fleetwide rollout, following rigorous evaluation and certification of the custom EMI modules designed to resolve a discovered susceptibility in shipboard communications.