BlackBerry Surges on Continued Pentagon Dominance

BlackBerry Ltd. (BB) surged the most in a month after the U.S. Department of Defense said the company’s smartphones will account for 98 percent of devices in one of its new networks.

BlackBerry rose 8.2 percent to C$10.80 at 4 p.m. in Toronto, its biggest gain since Dec. 20. After tumbling 33 percent last year, the stock has gained 37 percent this year.

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