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DCX Systems Secures ₹460.3 Crore Order from Lockheed Martin

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Synopsis:

DCX Systems secures a significant ₹460.3 crore export order from Lockheed Martin for electronic assemblies, strengthening its footprint in defence manufacturing and likely affecting DCX Systems share price positively.

DCX Systems news today

DCX Systems Ltd has received a new export order from Lockheed Martin Global Inc., valued at approximately $54.8 million (₹460.3 crore). The contract involves the supply of electronic assemblies, which DCX Systems will deliver over the next 12 months. This order not only strengthens DCX’s position in the international defence supply chain but also reflects the company’s growing capabilities in high-precision manufacturing.

Also read: GR Infra Wins ₹867.54 Crore Bid for BSNL BharatNet Phase 3 Project

DCX SYSTEMS LIMITED

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317.452.35 (0.74 %)

Updated - 21 November 2024
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Key Takeaways

  • Contract Value: ₹460.3 crore (approximately $54.8 million).

  • Client: Lockheed Martin Global Inc., USA.

  • Delivery Timeline: 12 months.

  • Implications: Likely positive impact on DCX Systems share price.

Contract Details And Significance

This contract underscores DCX Systems' continued expansion into high-value defence manufacturing. The company, known for its expertise in cables and wire harness assemblies, will now supply essential electronic assemblies to one of the world’s leading defence corporations. The deal enhances DCX’s export profile and may contribute to a positive trend in the DCX Systems share price, as investors gauge the potential revenue impact from this major order.

Also read: SpiceJet to Launch Seaplane Operations Across India in 2025

Industrial Licence Boosts Defence Manufacturing

In addition to the new order, DCX Systems recently secured an industrial licence to manufacture advanced defence components through its subsidiary, Raneal Advanced Systems Pvt Ltd. This licence allows DCX to produce sensitive equipment, such as microwave submodules and radar systems, classified under Category A by the Ministry of Defence. The licence, valid for 15 years, will support DCX’s continued production and testing of avionics and electronic warfare (EW) systems, positioning the company as a vital player in India’s defence ecosystem.

Also read: ITI Emerges Lowest Bidder in BharatNet Phase-3 Project with ₹4,559 Crore Orders

DCX Systems Share Price Outlook

The combination of a substantial order and a new industrial licence positions DCX Systems favourably in the defence manufacturing sector. The order from Lockheed Martin could generate sustained revenue streams, impacting the DCX Systems share price positively. Furthermore, the recent licence adds long-term growth potential, enabling DCX to address high-security manufacturing needs.

DCX Systems’ ₹460.3 crore order from Lockheed Martin and its recent industrial licence solidify its role in defence production. As the company strengthens its operations, these developments are likely to have a positive impact on the DCX Systems share price, highlighting its rising influence in global defence manufacturing.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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