Exail: down after loss of project in Australia

(CercleFinance.com) - Exail Technologies is down 16% after the Australian government decided to abandon its SEA 1905 3rd generation mine warfare program, following a review of its defense programs to take account of budgetary constraints.


The French group, which had been selected as one of the two best consortia to carry out the project, affirms however that it 'will remain committed in Australia to meet the future needs of the country's armed forces with the full range of its technologies'.

'The group's commercial activity remains intense in several regions of the world, and Exail Technologies maintains its confidence in its ability to achieve its medium-term growth ambitions', it also affirms.

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