Strat Aero's shares soar as it achieves NQE status

Shares in Strat Aero have soared almost 60% after it was granted National Qualified Entity (NQE) status by UK's Civil Aviation Authority (CAA), a key step in the commercialisation of the company's training programmes.

It said that in order to apply for a UAV pilot's licence, candidates needed to show they had been trained at an NQE-certified centre.

Strat Aero added that the granting of NQE status coincided with the launch of several new training initiatives.

At about 13:47 BST, shares in Strat Aero were up 57.9% to 0.75p.