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Terra Drone surges on contract for oil and gas pipeline project in Saudi Arabia

Fri May 15, 2026 10:56 am JST Catalyst

Terra Drone <278A> surged sharply, rebounding from earlier losses. After the market close on the 14th, the company announced it secured a contract for security monitoring of oil and gas pipelines in Saudi Arabia. While the client remains undisclosed, the project involves security patrols for pipelines owned by "one of the world's largest integrated energy and chemical companies." The announcement heightened expectations for the company's global expansion and attracted investor inflows. The project is scheduled to commence in the fiscal year ending January 2027 and will last for one year. The contract value is approximately 406 million yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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