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RC Fornax joins Thales supplier framework, signaling strong recovery potential with shares up 6%.

Market News
09 Jul 2026
Proactive Investors
View Source
Bullish
pluang ai news

RC Fornax PLC has secured a place on Thales' niche supplier framework, a move that signals a strategic shift towards a long-term partnership rather than just project-based work. Although this framework does not guarantee immediate revenue, it reconnects RC Fornax with a client that previously accounted for about 30% of its revenue. The company's broker, Cavendish, sees this as validation of RC Fornax's offerings and a sign of forward momentum, maintaining a 50p target price that implies significant upside from current levels. This development strengthens the case for RC Fornax's recovery story without altering existing forecasts.

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InStride's Capability Accelerators wins Best Professional Development Solution of the Year

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