Axiscades arm bags mega contracts in US

Axiscades Engineering Technologies' aerospace subsidiary has received two contracts worth US$ 20 million. The stock was up more than 10 per cent in the early morning trade on Wednesday.

Of the two main contracts, one is from a multinational OEM to build test equipment and maintain strategic systems, while the other is for building subsystems of Full Motion Full Mission Simulator. These contracts have a combined initial value of US$ 20 million, with potential for further orders.


Axiscades Aerospace & Technologies Private Limited is a niche company focused on advanced strategic technologies deployed in the aerospace and defence domain. The company engages in avionics, engineering design, system integration, development of solutions for electronic warfare, automated test equipment and provides simulators, software and training in these areas.

Earlier, the company had announced the opening of a digital centre of excellence (D-COE) in Pune. The centre will develop key technologies including industrial IoT, artificial intelligence, machine learning and augmented reality.

At 9:36 hours, the stock of Axiscades was quoting Rs. 93.45 per share, up by 7.23 per cent on Wednesday, when the benchmark index BSE Sensex was at 35,672.70, up by 159.56 points or 0.45 per cent.