Press Release

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

DCX Systems and Israel Aerospace Industries (IAI) have broken ground on a new radar manufacturing facility at Shoolagiri Industrial Area in Tamil Nadu through their joint venture ELTX Systems Pvt. Ltd. The ceremony took place on May 4, 2026, with attendance from company leadership, government officials, and industry stakeholders. The facility will manufacture, integrate, and test advanced radar systems for both domestic and international defense requirements, supporting India's Atmanirbhar Bharat (Make in India) vision. Construction is expected to be completed by April 2027, with production commencing shortly after. The joint venture aims to transfer technology for airborne and ground-based radar systems while building local manufacturing capabilities.

Likely market impact

This greenfield investment signals DCX's commitment to expanding defense manufacturing capacity and deepens its partnership with IAI. For shareholders, the facility could drive future revenue growth once operational in 2027, though it represents near-term capex without immediate earnings impact.