Defence Stock Axiscades in Focus as it Partners with Indra Group for Aerospace and Defence Solutions

Indra Group has entered into a significant agreement with Indian technology company Axiscades to collaborate on the production of advanced aerospace and defence solutions. This partnership highlights Indra’s commitment to supporting local industry and expanding its global network of alliances.

Axiscades and Indra Group Details of the Agreement

The Memorandum of Understanding was signed at the Aerospace Show in Le Bourget by Indra Group CEO José Vicente de los Mozos and Axiscades Chairman Dr Sampath Ravinarayanan. The event was also attended by Indra Chairman Angel Escribano and Axiscades CEO Alfonso Martinez.

This agreement focuses on manufacturing in India various Indra systems, including antennas for Tactical Air Navigation Systems (TACAN), Distance Measuring Equipment (DME) which provides vital in-flight data, and countermeasure systems designed to protect aircraft from missile attacks, including those using MANPADS technology.

Partnership Strengthens Indra’s Global Position in Aerospace Systems 

The partnership strengthens Indra’s global position in the aerospace systems market by extending its network of strategic alliances with international companies. At the same time, it aims to enhance the capabilities of Indian technology firms, contributing to the growth of local industry.

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Indra’s Presence and Contribution in India

Indra Group has had a strong presence in India for several years, providing cutting edge systems across defence and civil sectors. Their contributions include delivering advanced systems to India’s Armed Forces and undertaking projects for the modernisation of civil air traffic management.

This collaboration with Axiscades builds on that foundation by localising production and improving the agility of services offered to Indian clients.

Technology and Innovation Focus

The manufactured solutions include complex systems that play a crucial role in aviation safety and defence. Tactical Air Navigation Systems help in accurate aircraft positioning, Distance Measuring Equipment ensures in-flight distance accuracy, while the countermeasure systems protect aircraft against missile threats.

Together, these technologies form part of an integrated defence system that is critical for both military and civil aviation operations.

Axiscades Share Price Performance

Axiscades’ share price hit the 5% upper circuit at the opening bell on June 17, 2025, with the stock opening at ₹1,278.10.

Conclusion

The agreement between Indra Group and Axiscades represents a strategic move to boost the production of advanced aerospace and defence systems within India. It reinforces Indra’s commitment to collaboration and local industry development, while expanding its global network and technology leadership in the aviation safety and defence sectors.

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