French drone tech stocks rise as hope for Iran deal wane
28/05/2026 11:45
BUZZ-French drone tech stocks rise as hope for Iran deal wane ** French drone component makers Exail EXA.PA and Exosens EXENS.PA rise almost 8% and 6%, respectively, as fading hopes of a near-term Iran peace deal lift the broader defence sector
** TP ICAP Midcap analyst Julien Thomas says Exail, which also supplies components for naval and submarine defence, is also benefitting from a buzz around Franco-Norwegian discussions on nuclear deterrence
** The European aerospace and defence index .SXPARO gains 1.5%, erasing year-to-date losses
** As of the previous close, Exail shares were up 59.4% year-to-date, while Exosens gained 31% since the start of January
(Reporting by Jakob Van Calster and Hugo Lhomedet)
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