Latest news with #TacticalAirNavigationSystems
&w=3840&q=100)
Business Standard
7 hours ago
- Business
- Business Standard
Axiscades Technologies shares hit fresh all-time high today; here's why
Axiscades Technologies share price: Axiscades Technologies shares were in focus on Tuesday, June 17, 2025, rallying up to 5 per cent (upper circuit) to hit a record high of ₹1,282.70. At 11:00 AM, Axiscades Technologies shares continued to remain locked in the 5 per cent upper circuit at ₹1,280.70 per share. In comparison, BSE Sensex was trading 0.29 per cent lower at 81,557.98 levels. Why did Axiscades Technologies shares jump today? Axiscades Technologies shares surged after the company signed a strategic agreement with Spain-based Indra to jointly produce aerospace and defence solutions. Indra is a leading Spanish multinational specialising in defence, air traffic, and space technologies. With a strong presence in over 140 countries and operations in 49, it is known for its innovation, systems integration, and role in major European defence programmes. In FY24, Indra reported revenue of €4.843 billion. Under the pact, Indra aims to procure defence products and services from Axiscades, leveraging its capabilities in design, development, production, and supply chain. The partnership will enable the manufacturing of several Indra systems in India, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) for in-flight data, and countermeasure systems to protect aircraft from missile threats like MANPADS. Both companies are also exploring joint product development for Indian and global markets, potentially customising existing Indra offerings or creating new ones. Further collaboration is being considered in MPA Airborne Solutions and for DRDO CABS' MRMR and MMMA programmes. 'The collaboration between the two companies strengthens Indra's position in the global aerospace systems market and its network of alliances with companies worldwide,' Axiscades Technologies said. Catch Stock Market Updates Today LIVE About Axiscades Technologies Axiscades Technologies is among the leading technology and product engineering companies with over 25 years of expertise in aerospace, defence, and electronic systems & industrial automation (ESAI). The company provides end-to-end solutions—from conceptual design to manufacturing and certification—making it a trusted partner for OEMs and Tier 1 suppliers worldwide. The market capitalisation of Axiscades Technologies is ₹5,451.17 crore. The company falls under the BSE SmallCap index. The 52-week high of Axiscades Technologies is ₹1,282.70 per share, while its 52-week low is ₹421.05.
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
