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Defence

Kitron $KIT.OL breaking up from multiyear uptrend after great Q2Kitron: Q2 2020 – Record performance 10.7.2020 12:46:05 CEST | GlobeNewswire (Excerpt) " (2020-07-10) Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors. Kitron's revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects was 11 per cent. Profitability expressed as EBIT margin was 8.5 per cent in the second quarter, compared to 6.6 per cent in the same quarter last year. The order backlog ended at NOK 2 102 million, an increase of 45 per cent compared to last year. "
OSL:KITLong
by savepiginvest
Ultra Electronics - Attack the best form of defence?Buy Ultra Electronics (ULE.L) Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land. Its market facing segments are Aerospace, Infrastructure, Nuclear, Communications, C2ISR, Maritime, Land and Underwater Warfare. Market Cap: £4.79Billion The medium-term trend is bullish on Ultra Electronics. The shares have consolidated in recent weeks, forming an ending wedge pattern on the daily chart. The break above the upper boundary of the wedge is a bullish signal. We expect to see further upside over the coming weeks and months with a move towards new highs. Stop: 1830p Target 1: 2290p Target 2: 2350p Target 3: 2500p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
ULong
by Investamate