Latest news with #AirborneMaritimeRadar
Mint
13-05-2025
- Business
- Mint
Multibagger small-cap defence stock jumps 4% to 2-month high after securing export orders. Do you hold it?
Defence stocks in focus today: Shares of DCX Systems—a company specializing in system integration and cable & wire harnessing—jumped 4.12% in early trade on Tuesday, hitting a two-month high after the company secured fresh export orders. In an exchange filing on Monday, the company informed investors that it had bagged export orders worth ₹ 28.60 crore from Israeli defense majors and other overseas clients. The order is for the manufacture and supply of CIWS antennas and cable & wire harness assemblies, according to the company's regulatory filing. Earlier in February, the company had secured a similar order worth ₹ 4.79 crore from Bharat Electronics for the supply of cable and wire harness assemblies. In mid-April, the company entered into a joint venture with Elta Systems, a unit of Israel Aerospace Industries. The JV focuses on the development of Airborne Maritime Radar Systems, Fire Control Radar Systems, and other radar solutions for airborne and land-based applications under India's "Make in India" initiative. DCX Systems, a leading player in India's defense manufacturing sector, offers end-to-end solutions for the production of electronic systems, sub-systems, and cable & wire harness assemblies for both domestic and international clients. The company is strategically positioned to benefit from the global rise in defense spending, which is projected to grow to $2,652 billion by 2027. This growth is being driven by ongoing geopolitical tensions, the modernization of armed forces, shifting global power dynamics, technological advancements, and evolving policy frameworks. In line with global trends, the defense electronics market is also set for robust growth. Projections suggest it will expand to $237 billion by 2030, with the Indian market expected to grow from $2.58 billion in 2022 to $7.2 billion by 2030, according to recent estimates. After experiencing a sharp decline, DCX Systems' shares regained strength in April, ending the month with a 24% gain. The momentum has continued into the current month, with the stock rising another 8% so far. Between March 2023 and January 2024, the shares witnessed a strong rally, delivering a return of 185%. In July 2024, the stock touched a record high of ₹ 451. At current levels, it remains about 32% below that peak. However, the stock is trading with 120% gains from March 2023 lows. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Upturn
21-04-2025
- Business
- Business Upturn
DCX Systems announces joint venture with Israel's ELTA Systems; shares jump 5% on partnership
By Aditya Bhagchandani Published on April 21, 2025, 14:34 IST Shares of DCX Systems jumped over 5% in Monday's trade, hitting ₹260.33 on the NSE after the company announced a significant strategic partnership with Israel's ELTA Systems. The rally was driven by news of a Joint Venture Agreement signed on April 21, 2025, aimed at manufacturing radar systems under India's 'Make in India' initiative. As per the official filing, DCX Systems has entered into a Joint Venture Agreement (JVA) with ELTA Systems Ltd., a subsidiary of Israel Aerospace Industries (IAI), to establish a Joint Venture Company (JVC) in India. The focus will be on the development and supply of Airborne Maritime Radar Systems, Fire Control Radar Systems, and other radar-based technologies for airborne and land-based defense applications. The partnership structure gives 63% ownership to ELTA Group and 37% to DCX. ELTA will provide an exclusive technology license to the new venture for Indian defense projects (excluding Government-to-Government and Government-to-Commercial contracts). The initial board of directors for the JVC will include three ELTA nominees and one DCX nominee. Upon full investment by DCX, the board will be expanded to five members, with DCX holding two seats. ELTA will appoint the CEO and CFO, pending board approval. This collaboration marks a key milestone in DCX Systems' efforts to strengthen its footprint in India's defense technology sector. Investors responded positively to the announcement, with the stock gaining ₹12.92 or 5.22% from the previous close of ₹247.41. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. 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.
