Rs 1,800 crore order book: MBDA and Aerospace & defence company Strengthen Strategic Cooperation for "Make in India" Initiative; Stock Locked in 5% Upper Circuit
The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 3,625 per cent in 5 years.
MBDA and AXISCADES announced on June 18, 2025, their commitment to expand their strategic cooperation, following a meeting at the Paris Air Show 2025 between MBDA's CEO, Eric Béranger, and AXISCADES' Chairman, Dr. Sampath Ravinarayanan. This expansion aligns with MBDA's long-term "Make in India" strategy.
AXISCADES Aerospace & Technologies Private Limited has a decade-long engagement with MBDA as its prime Indian Offset Partner. Their existing cooperation includes built-to-spec and built-to-print assignments on Test Benches for MBDA, with AXISCADES having delivered multiple generations of Test Solutions for MBDA's MICA Missiles and Missile Launchers. Additionally, AXISCADES has established a facility for and performs Depot Level Maintenance of Missile Launchers. MBDA will continue to rely on AXISCADES for these products and services, anticipating an increased volume of sourcing in the coming years.
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The partnership will be reinforced by expanding their domains of cooperation, leveraging AXISCADES' expertise in high-end engineering services for top Aerospace OEMs and as a supplier to the Indian Ministry of Defence. These collaborative activities will contribute to the growth of MBDA's industrial presence in India, supporting the "Atmanirbhar Bharat" policy of self-reliance. Working groups have been established to identify and implement new areas of cooperation.
To structure the partnership, AXISCADES, which has already established the necessary infrastructure, tools, processes, resources, and industrial ecosystem for MBDA, will set up a new dedicated facility at its upcoming premises in Aerospace Park near Bengaluru's Kempe Gowda International Airport. This new facility will feature a state-of-the-art Test Bench laboratory, Missile Launcher set-up, equipment, and instruments.
About AXISCADES Technologies Ltd
AXISCADES is a leading technology and product company with over 25 years of experience in the aerospace, defence and ESAI (Electronic Systems and Industrial Automation) sectors. It offers cutting-edge solutions ranging from conceptual design to manufacturing and certification, making it a preferred partner for OEMs (Original Equipment Manufacturers) and Tier 1 suppliers in these industries.
On Thurday, shares of AXISCADES Technologies Ltd hit a 5 per cent upper circuit to an all-time high of Rs 1,399 per share from its previous closing of Rs 1,342 per share. The company has a market cap of over Rs 5,400 crore and as of March 31, 2025, the company’s order book stands at Rs 1,800 crore. The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 3,625 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.