Defence Stock Hit Upper Circuit After Winning Large Production Order for Supplying Avionics Hardware for LCA Mk1A Program

AXISCADES Technologies Limited, through its subsidiary Mistral Solutions, has secured a significant production order valued at approximately Rs 80 crore for the LCA Mk1A program. This strategic win involves the supply of critical avionics hardware, specifically Mission Computers and Smart Multifunction Displays, for Hindustan Aeronautics Limited (HAL). By providing these high-performance embedded systems, the company further cements its established partnership with both HAL and the Defence Research & Development Organisation (DRDO), marking a vital step in the domestic production of advanced Aerospace electronics.

The execution of this order will take place at AXISCADES’ newly commissioned Devanahalli Atmanirbhar Complex (DAL) facility, situated within the Bangalore Aerospace Park. This development highlights the Group’s commitment to the "Atmanirbhar Bharat" initiative, leveraging its "chip-to-product" capabilities to scale up the indigenisation of sophisticated defence technologies. The move not only enhances India's self-Reliance in the defence sector but also showcases the company’s ability to deliver complex aerospace hardware from its state-of-the-art infrastructure in Bengaluru.

About the Company

AXISCADES is a leading, end-to-end technology, product and solutions provider aiding the creation of innovative, sustainable, and safer products worldwide in the Aerospace, Defence and ESAI domains. Headquartered in Bangalore with subsidiaries and offices worldwide, in France, Germany, Denmark, USA, and Canada. AXISCADES has a diverse team of over 3000+ professionals working across 17 locations across the globe, striving to reduce the program risk and time to market. AXISCADES has a long-term relationship with the Defence Forces, MoD, Defence Labs and PSUs along with global OEMs. AXISCADES possesses deep domain experience in Weapon Systems, Avionics, Radar, Electronic Warfare, C4I2, Drones, Anti-Drone Systems, Test Solutions, GSE and GHE. AXISCADES has executed several innovative in-house projects and partnered solutions for Land, Naval, Aerospace and Homeland Security. The comprehensive portfolio of solutions covers the complete product development lifecycle from concept evaluation to manufacturing support and certification.

On Monday, multibagger defence stock hit a 5 per cent Upper Circuit to Rs 1,178.40 per share from its previous closing of Rs 1,122.30 per share. The company has a market cap of over Rs 5,000 crore and has delivered good profit growth of 21.3 per cent CAGR over the last 5 years. The stock is up by 60 per cent in just 1 year and has given multibagger returns of 2,240 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.