Defence Company Continues to Win More Production Order for Supplying Avionics Hardware for LCA Mk1A Program

AXISCADES Technologies Limited (BSE: 532395 | NSE: AXISCADES), a chip to product company and a pioneer in Aerospace, Defence, Electronics, Semiconductor and Artificial Intelligence (ESAI) headquartered in Bangalore, India, announces a new win in Defence division by its subsidiary Mistral Solutions Pvt Ltd. Mistral Solutions, a leader in high-performance embedded systems and defence electronics, today announced the receipt of an order valued at approximately Rs 25 crore under the prestigious LCA Mk1A programme of Hindustan Aeronautics Limited (HAL).

Under this order, Mistral Solutions will supply Single Board Computer, further contributing to the LCA Mk1A program for HAL. All systems will be manufactured and delivered from AXISCADES’ newly commissioned DAL (Devanahalli Atmanirbhar Complex) facility located at the Bangalore Aerospace Park, near Kempegowda International Airport.

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 plunged 0.44 per cent to Rs 1,409.40 per share from its previous closing of Rs 1,457.95 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 90 per cent in just 1 year and has given multibagger returns of 2,800 per cent in 5 years.

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