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Axiscades Technologies’ shares were buzzing after the company signed a Memorandum of Understanding with European firm Aldoria.
Axiscades Aerospace & Technologies provides engineering solutions across aerospace, defense, semiconductor & expertise in weapon systems, radar & electronic warfare systems.
Aldoria is a European company that tracks objects and activity in space.
The deets: under the MoU, both organisations will explore opportunities for high-level data and system alignment.
The goal is to provide cutting-edge space tracking systems that can monitor, track, and predict objects in space such as satellites and space debris to enhance India’s space safety and security.
In a parallel update, the company signed another agreement with defense firm Indra to boost production of advanced systems in India.
Axiscades also announced expanding their partnership with MBDA, a European company that designs and develops missile systems. Together, they will set up a new facility with test labs and missile launcher equipment at the Aerospace Park near Bengaluru’s airport.
