AXISCADES Aerospace & Technologies, a wholly owned subsidiary of AXISCADES Engineering Technologies, said that it has won two key contracts worth $20 million for building and maintenance of test equipment for strategic systems.
In a statement, company said it was evaluated against stiff global competition in the run-up to the deals and both contracts have the potential to open further possibilities, given its technical capabilities and pedigree in designing and developing complex tech products and solutions.
AXISCADES informed that 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”, stated Kaushik Sarkar, CFO of AXISCADES.
AXISCADES Aerospace & Technologies Private Limited is a niche technology company focused on high-end strategic technologies for the aerospace and defense domain, product and solutions. The company has built proprietary capabilities in engineering design, avionics, system integration, design and development of solutions and platforms in the areas of electronic warfare, automatic test equipment and test solutions, software, simulators and training.
Recently, AXISCADES had joined the MindSphere Partner Program run by German technology giant Siemens. As a part of MindSphere Partner Program, the company would be focusing on the digital transformation and smart manufacturing need of its customers. Siemens' MindSphere Partner Program focus on Industrial IoT (IIoT) solution and technology providers.
