Exail Technologies Wins €10M European Defense Grant

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

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.