French Underwater Drone Maker Exail Soars 370% as European Defense Boom Fuels Growth
French underwater drone manufacturer Exail Technologies posted an 18% surge in third-quarter revenue as European defense spending accelerates in response to Russia’s war in Ukraine, according to Baird Maritime. The company’s stock has rocketed 370% this year, lifting its market value above €1.4 billion ($1.5 billion USD) from less than €300 million ($320 million USD)…