Raymond's aerospace arm wins tender for fighter aircraft structures
after close1 source ↓written by the desknot a recommendation
Raymond Limited's subsidiary, JK Maini Global Aerospace Limited, has successfully secured a tender from a leading Indian aerospace OEM for assembly of wing and fuselage structures for an indigenous fighter aircraft program. This marks a strategic entry into the high-value aircraft structures sector, enhancing Raymond's capabilities beyond precision manufacturing.
The program aims to utilize existing infrastructure, allowing Raymond to develop execution credentials while maintaining a capital-efficient approach. This opportunity is expected to significantly bolster the company's position in the aerospace and defense market.
Not investment advice. For informational purposes only.