Exail Technologies Secures a 40 Million Euro Order for K-STER Drones
Exail Technologies has announced a contract for several hundred K-STER mine neutralization drones, intended for various navies, valued at approximately 40 million euros. This order represents the second largest ever recorded by the group for this type of equipment.
According to the press release issued on January 5th, Exail Technologies has signed a contract for the supply of several hundred K-STER drones to undisclosed clients for confidentiality reasons. The value of this order amounts to approximately 40 million euros. This is the second largest order of K-STER drones ever recorded by the company, following a 60 million euro order received in 2024. These drones are used in the final phase of mine-clearing missions to neutralize previously identified underwater threats by other drones in the UMIS system. The group notes that these are consumable drones, destroyed during the mine neutralization process, and they represent a part of the recurring revenue generated throughout the operational life of the UMIS systems.
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With this new order, Exail Technologies now has an order book of over 1,000 autonomous drones. The company also states it has the necessary capacity to produce these drones in the coming years. The production of K-STER drones will be carried out at the Ostend site in Belgium, according to the group. This site is now fully operational to support the ramp-up of mine countermeasures capability modernization programs.
Company Overview
Exail Technologies is a high-tech defense company specializing in autonomous robotics and navigation systems. The group offers maritime drone systems for combating underwater mines, as well as inertial navigation units using fiber optic gyroscope technology. According to the press release, the company generates its revenue in nearly 80 countries, primarily in the defense sector, but also with civilian clients. Exail Technologies is listed on Euronext Paris Compartment B under the ticker EXA and on the OTCQX market. The company is part of the SBF 120 index and the Euronext Tech Leaders segment.
SectorDéfense · Industrie · Technologie · Drones›Défense
Context
Period
Period: 3T 2025
Guidance from the release
« Je suis heureux de rejoindre un groupe performant, une vraie pépite pour la base industrielle française de défense, qui place au plus haut niveau l’innovation technologique au service de l’efficacité opérationnelle » — Vice-amiral d’escadre Didier Maleterre
Forte dynamique commerciale portée par la navigation et la robotique maritime, expansion des activités photoniques, carnet de commandes élevé (>1 Md€) et levée de fonds de 300 M€ en ODIRNANE améliorant la visibilité et le profil de refinancement.
Risks mentioned
Variabilité du calendrier des notifications de programmes en robotique maritime
Base de comparaison élevée (T3 2024 avec croissance exceptionnelle)
Potentielle dilution maximale d’environ 14 % liée aux ODIRNANE en cas de conversion intégrale
Dépendance significative aux contrats de défense et aux grands programmes (jalons de livraison)
Opportunities identified
Tendance vers plus d’autonomie navale et déploiement de flottes de drones
Position de leader en gyroscope à fibre optique et solutions intégrées haute performance
Croissance des prises de commandes (+128 % YTD) et carnet >1 Md€ offrant visibilité
Développement des activités photonique et nouvelles capacités de production (Bordeaux, Lannion)
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