Indra signs agreement with Axiscades to boost production.

Indra signed the Memorandum of Understanding at the Aerospace Show taking place this week in Le Bourget, in the presence of Indra Chairman, Angel Escribano, and AXISCADES CEO & MD, Alfonso Martínez.

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 collaboration between the two companies strengthens Indra's position in the global aerospace systems market and its network of alliances with companies worldwide. At the same time, Indra contributes to enhancing the capabilities of Indian companies, in a country where it has maintained a strong presence for years as a provider of cutting-edge systems and technologies across various sectors. Notable achievements include systems delivered to the country’s Armed Forces and projects for the modernization of civil air traffic management.

Indra and AXISCADES are evaluating collaborations in MPA Airborne Solutions and exploring a dedicated partnership for DRDO CABS MRMR and MMMA programs.

At 10.41 am, Axiscades Technologies Ltd was trading at Rs. 1,443, up by 2.13%, with a volume of 0.18 lakh shares on the BSE.