Aitech secures $63M contract for avionics in India
pre-market1 source ↓written by the desknot a recommendation
- contract with Hindustan
- $63 million
- and ensures long-term
- 156 helicopters
Aitech has secured a $63 million contract with Hindustan Aeronautics Limited (HAL) to provide avionics computing solutions for India's Light Combat Helicopter program. This contract covers systems for 156 helicopters and ensures long-term production and support over the next five to six years.
This deal strengthens Aitech's position in the aerospace sector and highlights the growing defense collaboration in India.
Not investment advice. For informational purposes only.