AXISCADES signs two deals worth 20M USD

AXISCADES Aerospace & Technologies Pvt Ltd, a wholly owned subsidiary of AXISCADES Engineering Technologies Ltd (AXISCADES), announced the winning of two key contracts worth 20M USD. The organization was evaluated against and saw stiff global competition in the run-up to the deals and both contracts have the potential to open further possibilities, given the company’s technical capabilities and pedigree in designing and developing complex tech products and solutions.

The initial agreement with the Global OEM is a ‘Design to Build’ engagement for test equipment and maintenance of strategic systems. The second contract revolves around the building of subsystems for a Full Motion-Full Mission Simulator.

“These two global wins mark an important milestone in the growth and development of this franchise. We are proud of the team that has worked tirelessly over the years to build capabilities that solve complex, technologically advanced problems. We will treasure these wins and augment our abilities to win many more marquee deals like these”, said Mr. Kaushik Sarkar, CFO of AXISCADES.