Latest news with #TACAN
Business Standard
7 hours ago
- Business
- Business Standard
AXISCADES Tech rallies on strategic alliance with Europe's Indra
AXISCADES Technologies surged 5% to Rs 1282.70 after the company announced a strategic alliance with Indra, a European defense and aerospace major, to jointly manufacture and develop cutting-edge systems in India. Indra is one of Spain's leading multinational companies and a global force in defense, aerospace, and air traffic systems. In FY24, the company reported revenues of 4.843 billion euros and operates in more than 140 countries. The announcement was made at the Paris Air Show in Le Bourget, where Indra CEO JosVicente de los Mozos and AXISCADES chairman Dr. Sampath Ravinarayanan signed a Memorandum of Understanding (MoU). The signing took place in the presence of Indra c chairman gel Escribano and AXISCADES CEO & MD Alfonso Martez. Under this partnership, Indra will source a range of defense-related products and services from Axiscades. These will be delivered through Axiscades integrated design, development, production, and supply chain infrastructure based in India. The alliance is aimed at producing key Indra systems locally, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) for aircraft, and advanced countermeasure systems to protect aircraft from guided missile threats such as MANPADS. Both companies are also exploring joint product development tailored for Indian and global markets. This could involve adapting existing Indra products or designing entirely new solutions to meet emerging defense needs. In addition to hardware production, the partnership is evaluating deeper collaboration opportunities in MPA (Maritime Patrol Aircraft) airborne solutions and potential participation in India's DRDO CABS programs like MRMR (Medium Range Maritime Reconnaissance) and MMMA (Multi Mission Maritime Aircraft). The collaboration strengthens Indras presence in India, where it already plays a significant role in civil air traffic modernization and defense technology projects. For Axiscades, the deal cements its position as a key partner for global OEMs and Tier-1 defense suppliers. AXISCADES is a Bengaluru-based technology company with over 25 years of experience in aerospace, defense, and industrial automation. It offers end-to-end engineering solutions, from design to manufacturing and certification.
Business Upturn
10 hours ago
- Business
- Business Upturn
Axiscades shares hit 5% upper circuit after company signs MoU with Indra
By Aman Shukla Published on June 17, 2025, 09:15 IST Shares of Axiscades Technologies hit a 5% upper circuit following the announcement of a strategic partnership with Indra, a leading Spanish defense and technology company. The two firms have signed a Memorandum of Understanding (MoU) to jointly manufacture key aerospace and defense solutions in India. The agreement was signed during the Aerospace Show in Le Bourget by José Vicente de los Mozos, CEO of Indra, and Dr. Sampath Ravinarayanan, Chairman of AXISCADES, in the presence of senior leadership from both companies. As part of the collaboration, AXISCADES will support the local production of Indra's tactical systems including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME), and countermeasure systems aimed at protecting aircraft from guided missile threats like MANPADS. This partnership aligns with India's 'Make in India' initiative and is expected to bolster AXISCADES' technological capabilities in aerospace and defense manufacturing. Indra, which already has a strong footprint in India through defense and civil aviation projects, aims to deepen its supply chain integration with local firms. The companies are also evaluating further collaborations on MPA Airborne Solutions and potential partnerships for DRDO's CABS MRMR and MMMA programs. 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. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Wire
28-04-2025
- Business
- Business Wire
Indra Air Traffic Inc. Is Set to Renew the Man-Portable Tactical Navigation Systems of the U.S. Air Force
MADRID--(BUSINESS WIRE)--Indra Air Traffic Inc., the U.S.-based company of the Indra Group, one of the leading global defense, aerospace, and advanced digital technology companies, has been awarded a contract by the U.S. Air Force to renew its Man-Portable (MP) military air navigation systems, with a budget ceiling of 198,360,000 US dollars and performance period through 2032. The contract with the U.S. Air Force includes the design, engineering, commissioning, technical maintenance, and potential future upgrades of the man-portable TACAN systems, a variant of Indra's TACAN solution, which provides accurate and reliable navigation information for military and civilian aircraft. The portable TACAN is designed for operations in adverse environments and can be easily transported by two warfighters. This technology, vital for the rapid deployment of units and operations during complex missions, ensures effectiveness even in the absence of GNSS and/or GPS signals. The MP TACAN system provides navigation services at improvised airfields and restores services after natural disasters, unforeseen situations, and attacks. The design, engineering, manufacture, and assembly processes of these systems, which are critical for today's warfighter, will take place at the center of excellence for air navigation aid systems of Indra Air Traffic Inc. in the U.S. This Overland Park, Kansas facility has received the 'Made in Kansas' seal of approval from the Kansas Department of Commerce. 'We work daily to develop efficient solutions that ensure the highest safety in complex environments. We're honored by the fact that the U.S. Air Force relies on Indra's systems to secure its missions around the world', declared Bill Colligan, CEO at Indra Air Traffic Inc. Javier Ruano, Director of ATM Development in USA at Indra, stated that 'this contract, along with the one secured last year for the renewal of the Federal Aviation Administration's ground-to-air communications system, represents a major success for our U.S. company and encourages us to strengthen our commitment to the American market, where we offer innovative solutions tailored to its needs'. This new contract with the U.S. Air Force is an endorsement of Indra Air Traffic Inc. in the American market, where it is consolidating its position as one of the strongest companies in military and civil air traffic management with advanced solutions guaranteeing full reliability and compliance with the highest quality standards for customers such as the Federal Aviation Administration, the U.S. Navy, and U.S. Air Force.
