Exail Technologies tops SBF 120 on new order amid wider defence rally
05/01/2026 08:59
** Amid a wider surge in share prices for European defence stocks, shares in Exail Technologies EXA.PA jump 12%, boosted by a 40-million-euro ($47 million) order for its underwater drones ** It is the second largest order for K-STER drones ever recorded, Exail says ** "Beyond the order value, this announcement is good news for its cash and revenue generation potential," Thomas Renaud from Kepler Cheuvreux says ** Julien Thomas from Midcap also points out that defence stocks are performing well overall ** Exail shares sit on top of France's SBF 120 Index .SBF120 and are on track for their best day since mid-July if gains hold ($1 = 0.8551 euros) (Reporting by Lucie Barbier) ((Email: lucie.barbier@thomsonreuters.com))