Axiscades Secures ₹600 Crore Defence Deal
Engineering firm Axiscades announced new defence orders valued at ₹600 crore, involving sophisticated subsystems for indigenously developed platforms. These orders will be implemented over 3 to 5 years through its defence subsidiaries, strengthening India's defence preparedness. Additionally, Axiscades is partnering with MBDA for a facility in Karnataka.
- Country:
- India
Axiscades, the engineering solutions provider, revealed on Wednesday that it secured new orders totaling ₹600 crore within the defence sector.
The contracts entail the creation and delivery of advanced subsystems for some of the most cutting-edge indigenous platforms in development by leading defence entities, such as DRDO and Defence PSUs, according to the company's statement.
The projects are expected to be executed over the next 3 to 5 years through Axiscades' defence-focused subsidiaries, signaling the firm's commitment to bolstering India's defence capabilities. Chief Technical Official C Manikandan highlighted their expertise in radar, sonar, and signal processing electronics as keys to these partnerships. In a strategic move, Axiscades Aerospace and Technologies inked a deal with European missile systems leader MBDA, establishing a defence facility in Karnataka.
(With inputs from agencies.)
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