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Wajeeh Khan

Cemtrex Stock Surges Higher on U.S. Navy Contract. Should You Chase the Rally?

Cemtrex (CETX) shares more than doubled on April 7 after the company announced that its newly acquired subsidiary, Invocon, had been selected for a Phase I Small Business Innovation (SBIR) contract by the Navy. 

This Naval Sea Systems Command (NAVSEA) deal focuses on developing modular mine warfare components, marking a significant milestone for CETX’s expanding aerospace and defense unit. 

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