French company Cybergun signs $38 mln Ukraine weapons contract (updated)

Calibre SA

06/11/2023 09:30

(Adds detail and background in paragraphs 2-3)
       PARIS, Nov 6 (Reuters) - French company Cybergun
 ALCYB.PA  has signed a contract worth 36 million euros ($38.7
million) to supply Ukraine with various weapons, including hand
grenades and assault rifles, it said on Monday.
    Ukraine has been pressing its allies to maintain support for
the country in its war with Russia as Kyiv's troops face battle
fatigue and the United States juggles priorities between its
support for Israel against Hamas and the provision of military
aid for Kyiv.
    Shares in Cybergun surged 76% in early trading on the back
of the Ukraine contract, giving the company a market
capitalisation of about 4 million euros.
($1 = 0.9306 euros)

 (Reporting by Sudip Kar-Gupta
Editing by David Goodman)
 ((sudip.kargupta@thomsonreuters.com;))