
DCX Systems secures new export and domestic orders worth Rs 28.59 crore
By Aditya Bhagchandani Published on June 17, 2025, 19:40 IST
DCX Systems Limited announced on June 17 that it has received fresh purchase orders from both overseas and domestic customers amounting to approximately Rs 28.59 crore. These orders are part of the company's routine business operations and span across its core manufacturing and supply segment.
The export orders include major contracts from Israeli defense companies, underlining DCX's growing footprint in international defense supply chains. The breakdown is as follows: ELTA Systems Ltd, Israel – Order valued at Rs 7.89 crore for the manufacture and supply of cable and wire harness assemblies.
Elbit Systems Ltd, Israel – Purchase order worth Rs 10.83 crore.
Rafael Advanced Defence Systems Ltd, Israel – Contract valued at Rs 5.04 crore.
Domestic customers – Orders aggregating Rs 4.83 crore.
These orders reaffirm DCX Systems' role as a key contributor in global defense electronics and systems integration, especially with strategic partnerships in Israel.
The company has noted that these orders were received in the regular course of business.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
an hour ago
- CNBC
Aleph's Michael Eisenberg on the impact of Middle East tensions on Israeli business
Michael Eisenberg, Aleph co-founder and general partner, joins 'Money Movers' to discuss the impact of Middle East tensions on Israeli business, the rise of Israeli VC funds, and more.


Axios
2 hours ago
- Axios
Pro-Israel hackers claim cyberattack on Iranian bank
A Pro-Israel hacking group says it attacked a major Iranian bank, causing widespread outages. Why it matters: The attack would mark the first major cyberattack on critical infrastructure during Israel's war in Iran. Driving the news: Predatory Sparrow, an Israeli hacking group, said today that it is behind a series of cyberattacks against Iran's Bank Sepah. The group — which publicly goes by the Farsi translation of its name, Gonjeshke Darande — added that it's also deleted the state-owned banking system's data. "This is what happens to institutions dedicated to maintaining the dictator's terrorist fantasies," the group wrote on X. Axios could not immediately verify these claims. State of play: Bank Sepah customers have reportedly been facing problems with accessing their accounts, making withdrawals and paying with their cards, according to local media outlets. Iranian state media warned that the disruptions could impact the country's gas stations, which relies on the bank to process transactions. Bank Sepah has not commented publicly on the attack, which happened after some people in Tehran evacuated overnight following President Trump's ominous warning. Between the lines: While malicious hackers are known to exaggerate the impact of their attacks, Predatory Sparrow actually has a long history of destructive attacks on Iranian infrastructure. The group has previously bragged and shared videos of attacks at Iranian steel mills and successfully shut down the country's railway system computers and gas stations. "Predatory Sparrow's past cyber attacks on Iranian steel plants and gas stations have demonstrated tangible effects in Iran," Rob Joyce, the former cyber director at the National Security Agency, wrote on X. "Disrupting the availability of this bank's funds, or triggering a broader collapse of trust in Iranian banks, could have major impacts there," he added. The intrigue: The U.S. Treasury Department sanctioned Bank Sepah in 2018 for providing support to Iran's Ministry of Defense and Armed Forces Logistics.


Business Wire
3 hours ago
- Business Wire
Lioncrest Ventures Debuts $100M Multi-Strategy Platform for its Equity and Credit Funds
PHOENIX--(BUSINESS WIRE)--Lioncrest Ventures, a new purpose-built venture, today announced its debut and initial raise of $30 million toward its $100 million multi-strategy platform spanning both equity and credit funds. With its dual-fund platform, Lioncrest Ventures represents a next-generation venture model, built for alignment and long-term partnership with founders building what's next. Founded by Leib Bolel, a venture investor with over a decade of experience scaling companies, both as a Partner at Grayhawk Capital and formerly as CEO of the Arizona Israel Technology Alliance, Lioncrest was created to solve a core challenge facing many founders: the need for capital that aligns with their business models and growth timelines. 'Our mandate is simple: to provide the right capital to the right companies,' said Leib Bolel, Managing Partner at Lioncrest Ventures. 'For some companies, equity is the rocket fuel that drives breakout success. For others, private credit is a better aligned path to scale. Lioncrest is built to deliver both, with discipline, speed, and conviction.' The Lioncrest equity fund invests in early growth-stage software companies solving complex challenges in highly regulated industries. Key verticals include Cybersecurity, FinTech, Digital Health, LegalTech, Supply Chain & Logistics, and Government/Defense. These sectors demand innovation that meet rigorous standards for compliance, security, and scalability, areas where Lioncrest brings deep sector knowledge and operational insight. The firm's credit strategy is led by Managing Partner Ryan Edwards through the Lioncrest-Prospeq Fund, which provides structured financing to high-performing technology companies seeking growth capital without the need for an institutional sponsor. A private credit veteran with over 20 years of experience, including 13 years as Managing Director at Silicon Valley Bank, and later as founder of Prospeq, Edwards brings deep expertise in venture debt and capital structuring. 'The Lioncrest-Prospeq Fund provides founders with capital, enabling them to fund strategic growth and increase valuation,' said Ryan Edwards, Managing Partner and Head of the Prospeq Fund. 'By offering credit, we can support more companies in more ways, without forcing a one-size-fits-all solution.' Backed by a diverse network of limited partners, including family offices, founders, and strategic operators. Lioncrest is actively deploying capital from both funds. The firm maintains a primary focus on U.S. investments, while also accessing high-quality deal flow from Israeli-founded companies, reflecting Bolel's leadership and investment experience across both ecosystems. With its dual-fund platform, Lioncrest Ventures represents a next-generation venture model, built for alignment and long-term partnership with founders building what's next.