Rs 1,800 crore order book: Aerospace & defence company signs agreement with Indra; Stock hits all-time high
The stock gave multibagger returns of 150 per cent in just 1 year and a whopping 3,625 per cent in 5 years.
AXISCADES Technologies Ltd and Indra, a European leader in defence, aerospace, and strategic systems, have announced a significant strategic alliance aimed at boosting the production of cutting-edge systems in India. This collaboration, formalised through a Memorandum of Understanding signed at the Paris Air Show on June 16, 2025, by Indra's CEO, José Vicente de los Mozos, and AXISCADES' Chairman, Dr. Sampath Ravinarayanan, will see Indra acquiring defence-related products and services from AXISCADES. These will be delivered through AXISCADES' comprehensive design, development, production, and supply chain centre, highlighting a commitment to local manufacturing and expertise.
The agreement specifically targets the manufacturing of several Indra solutions within India. This includes critical components such as antennas for its Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) that provides essential in-flight information to aircraft, and sophisticated countermeasure systems. The countermeasure systems are part of a larger Indra-designed system aimed at protecting aircraft from potential missile attacks, including those from guided systems like MANPADS. Beyond manufacturing, both companies are actively exploring joint product development for both the Indian and global markets, which may involve adapting existing Indra products or creating entirely new solutions tailored to specific customer needs.
This collaboration is poised to strengthen Indra’s global aerospace systems market position and expand its network of international alliances. Concurrently, it significantly enhances the capabilities of Indian companies, aligning with Indra's long-standing presence in India as a provider of advanced systems and technologies to various sectors, including the Armed Forces and civil air traffic management. Furthermore, the partnership is evaluating potential collaborations in MPA Airborne Solutions and is exploring a dedicated partnership for DRDO CABS, MRMR and MMMA programs, signifying a broad and deep commitment to technological advancement and self-reliance in the Indian defence sector.
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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 Tuesday, shares of AXISCADES Technologies Ltd hit a 5 per cent upper circuit to an all-time high of Rs 1,282.70 per share from its previous closing of Rs 1,221.65 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.