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Allient Shares Plummet 11.2% Amid US Army's Cancellation of M10 Booker Tank Program
ByAinvest
Thursday, Nov 6, 2025 11:40 am ET1min read
Allient (ALNT) shares fell 11.2% after the company disclosed that the US Army cancelled the M10 Booker Tank program, impacting its Aerospace & Defense division. Despite reporting double-digit revenue growth and a record gross margin, investors focused on the loss of a significant defense contract. The stock market overreacts to news, presenting a buying opportunity for high-quality stocks.
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