FRANKFURT (dpa-AFX) - Stabilus shares saw some upward momentum in pre-market trading on Tuesday. While the stock initially opened slightly lower on Tradegate, it most recently posted a gain of nearly two percent at 18.58 euros. The previous day, shares had hit a low of 17.72 euros, their lowest level since April of last year.
The specialist in gas spring, damper, and drive control systems aims to "significantly" expand its business in military applications of this technology. The technology is set to be used in armored vehicles, military utility vehicles, portable and platform-based ballistic systems, unmanned systems, as well as in sensor and optics platforms./bek/stk
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