Axiscades wins key Engagement with Airbus

On Tuesday, Axiscades Engineering Technologies Ltd. announced that it has been selected by Airbus to work on fuselage, product development, and customer support services across various Airbus locations.

Axiscades has won the contract amongst global competition across major engineering services in the industry. This is the third time that Airbus has selected the technology company for its critical engineering services.

Reacting to the news, Axiscades chairman, Mr. David Bradley stated that they were delighted that Airbus has made the decision to not just continue but increase the scope of work that Axiscades could support them with.

Axiscades Engineering Technologies Limited provides engineering services across Asia Pacific, Europe, and the US, where it mainly offers mechanical, electrical, electronics and manufacturing engineering services. It caters to the aerospace, defence, heavy engineering, automotive, and industrial production sectors, offering solutions that range from concept generation phase to manufacturing support and certification. Additionally, it offers software and hardware development services for avionics systems, including solutions in military and aerospace electronics domain, software and simulation, test solutions, obsolescence management, and manufacturing, among others.

By market close on Tuesday, the stock was trading at Rs 55.15, up by 4.75 per cent or Rs 2.90 per share. The 52-week high was recorded at Rs 91.80 and the 52-week low was recorded at Rs 44.