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Shares of DCX Systems were up 2% after receiving multiple orders worth ₹50 crore from Israeli-based defence tech ELTA Systems.
DCX Systems is an Indian defense manufacturing player for the manufacturing and supply of electronic systems, cable & wire harness assemblies, and printed circuit board assemblies.
ELTA Systems, under Israel Aerospace Industries, makes radars, sensors, and electronic warfare solutions for defence.
What’s happening: the order book includes a ₹30.3 crore contract from ELTA Systems for the manufacture and supply of Electronic Module Assemblies.
In addition, the company has secured ₹19.57 crore in orders for cable and wire harness assemblies from a mix of domestic and international customers.
Big theme: the wins align with India’s ‘Make-in-India’ and ‘Atmanirbhar Bharat’ push in defence manufacturing, as the country works toward reducing imports and positioning itself as a global defence hub.
The global defence electronics market is set to grow steadily at about 6% a year, opening up more opportunities for companies like DCX. By working with big international players such as ELTA Systems, DCX is securing its position in the global defence supply chain.
