AXISCADES wins USD 20Mn Contracts

Deepthi | Myequity news | Date : 27-11-2018 20:00:00 IST

AXISCADES Aerospace & Technologies Pvt. Ltd., a wholly owned subsidiary of AXISCADES Engineering Technologies Ltd (AXISCADES), today announced winning of two key contracts – one with Global OEM for design to build of Test Equipment and Maintenance of Strategic Systems and the other for building subsystems of Full Motion Full Mission Simulator.

The above contracts have been won against stiff global competition, reinforcing strong technical capabilities, core domain knowledge in designing and developing complex technology products and solutions. Both these contracts have initial value of USD 20Million with potential to multiply.

Mr. Kaushik Sarkar, CFO of AXISCADES said: “These wins in complex technology products and solutions for Global clients mark an important milestone in growth and development of this franchise. We are proud of these wins as this highlights the expertise and capabilities in building complex strategic technology products and solutions in addition to our solidly growing Engineering business.”

About AXISCADES Aerospace & Technologies Pvt. Ltd.:

AXISCADES Aerospace & Technologies Private Limited is a fast growing niche technology company focused on high-end Strategic Technologies for the Aerospace and Defense domain, Product and Solutions.

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