tiprankstipranks
Exail Technologies Wins €10M European Defense Grant
Company Announcements

Exail Technologies Wins €10M European Defense Grant

Groupe Gorge SA (FR:EXA) has released an update.

Invest with Confidence:

Exail Technologies, previously known as Groupe Gorgé, has been chosen to join the E=MCM project, receiving a €10M grant to enhance its autonomous drone capabilities. The project, backed by the European Commission and the European Defence Fund, aims to develop advanced European mine countermeasure solutions. Exail’s contribution will focus on evolving its UMIS drone system, advancing the next-gen Toolbox 2.0 features for both new and existing clientele in the military and civilian naval sectors.

For further insights into FR:EXA stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App