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AXISCADES Technologies added 1.91% to Rs 1440 after the company announced the signing of a memorandum of understanding (MoU) with Europe-based Indra for collaborating on the production of solutions for the aerospace and defense markets.
Indra is a global leader in defense, aerospace, and strategic systems.
The agreement aims to manufacture in India several Indra solutions, such as distance measuring equipment (DME) that provides in-flight information to aircraft, and countermeasure systems, as part of a broader system designed by Indra to protect aircraft in flight from potential missile attacks using guided systems, such as the well-known MANPADS.
The company further said that it is evaluating collaboration with Indra in MPA Airborne Solutions and exploring a dedicated partnership for DRDO CABS MRMR and MMMA programs.
AXISCADES Technologies is a prominent technology solutions provider in defense, aerospace and strategic electronics.
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