AXISCADES Technologies Limited has informed the Exchange regarding a press release dated Jun 18, 2025, titled "MBDA AND AXISCADES COMMIT TO EXPAND STRATEGIC COOPERATION".
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AXISCADES Technologies has announced an expansion of its 10-year strategic cooperation with MBDA, a major European missile systems company, at the Paris Air Show 2025. AXISCADES will continue as MBDA's prime Indian offset partner for built-to-spec and built-to-print work on test benches for MICA missiles and missile launchers, with sourcing volumes expected to grow. The partnership is being broadened to new engineering domains where AXISCADES can support MBDA's industrial presence in India, in line with the government's 'Make in India' and 'Atmanirbhar Bharat' initiatives. AXISCADES will set up a dedicated new facility at Aerospace Park near Bengaluru's Kempe Gowda International Airport, including a state-of-the-art test bench laboratory and missile launcher setup. Working groups have been formed to identify and implement new areas of cooperation, with both companies aiming to structure the partnership for long-term mutual benefit.
This is a positive business development for AXISCADES, reinforcing a long-standing relationship with a marquee global defence customer and signaling potential revenue growth and deeper integration into India's defence manufacturing ecosystem. For shareholders, it strengthens the company's defence order pipeline visibility but does not involve any equity, fundraising, or structural change to the listed entity.