Research & Reports
MOBILICOM LIMITED Equity Research | Initiation of Coverage
May 5, 2026
Mobilicom Limited (NASDAQ: MOB) makes the cybersecure data links, mesh networking radios, and electronic warfare software that go inside the US military's next-generation drone platforms. After a decade of quiet R&D and hard-won design wins, three events in late 2025 and early 2026 changed the story completely: a confirmed five-year, $250 million US Department of War Program of Record, a cleaned-up capital structure with $19.1 million cash and zero debt, and a 5.27% stake filed by institutional hedge fund Wexford Capital LP.
The American Security Drone Act, effective December 2025, locked Chinese suppliers out of US federal drone procurement. That single regulation made Mobilicom's Blue UAS-certified, NDAA-compliant product stack exactly what every American drone manufacturer now needs.
The market got bigger. The competition got smaller.
This I3 Capital Group equity research report, authored by Blair Carey, CFA, initiates coverage with a BUY rating and $7.75 price target, representing 18% upside. The report delivers a full business review, four-year financial forecast, three-method valuation analysis, competitive landscape across 10 peers, and a comprehensive risk factor assessment for investors seeking exposure to one of the most strategically positioned companies in the US defense drone supply chain.
Israeli Defence Tech: AI & Autonomy | Battle-Tested, Market-Ready Webinar
April 28, 2025
A conversation with founders and operators building in one of the most active defence tech ecosystems in the world. Moderated by Eden Attias — Ret. Brigadier General, IAF, and General Partner at OPImpact — featuring Roee Moked (Wisery Labs) and Gad Peleg (FlyWorks).
Topics covered: AI-enabled autonomous systems, GPS-denied navigation, dual-use commercialisation, and what it actually takes to break into North American defence markets.
Israel's Defense and Aerospace Industry: 2026 Market Report
Battle Tested & Ready to Grow| April 20, 2026
Israel's defense and aerospace sector has reached an inflection point. Following the October 7, 2023 attack, military spending surged 65%, defense exports hit a record $14.8 billion, and the industry now ranks as the world's 7th largest arms exporter — with IAI and Rafael both planning public listings.
This exclusive I3 Capital Group research report, authored by Blair Carey, CFA, delivers a comprehensive analysis of the sector for investors and capital markets participants seeking to understand one of the most dynamic defense ecosystems in the world.
The report covers:
Industry history, structure, and the post-October 7 inflection point
Market size, revenue outlook through 2028, and supply and demand dynamics
Profiles of 18 publicly traded small- and mid-cap companies, including dual-use classifications
Full SWOT analysis and investor risk factors
Recent capital markets transactions across the sector