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Groupe Gorge SA ( (FR:EXA) ) has issued an update.
Exail Technologies has secured a transformative contract worth several hundred million euros to supply autonomous drone systems to a leading navy, enhancing its strategic positioning and profitability. This contract, which will be executed over four years, reinforces Exail’s competitive advantage in the market and boosts its order book beyond one billion euros, positioning the company for future growth opportunities.
More about Groupe Gorge SA
Exail Technologies is a leader in the defense industry, focusing on the development and supply of autonomous drone systems for underwater mine clearance missions. The company has established a strong market position with a high success rate in bids, offering a comprehensive range of drones for various naval applications.
YTD Price Performance: -0.67%
Average Trading Volume: 297
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $345.5M
See more insights into EXA stock on TipRanks’ Stock Analysis page.