0829 GMT - Avon Technologies' medium-term opportunity looks bright as NATO allies increase investment in defense, Shore Capital analyst Jamie Murray says in a note. The British manufacturer of gas masks and helmet's order momentum has been positive on higher-than-expected demand for all its core products, he says. Two NATO customers purchased respirators from Avon Technologies for the armed forces of Ukraine and two European navies signed a 12-year framework for rebreathers. However, the first half of the company's fiscal year will be affected by costs associated with the closure of its California factory, the analyst says. Shares are up 7.9% at 14.78 pounds. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 04:29 ET (08:29 GMT)
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