On September 19, 2024, DCX Systems Limited announced a significant milestone in its operations by receiving a substantial export order from M/s. ELTA Systems Ltd., Israel, valued at US$ 18,495,779.10, which is approximately INR 154.80 crores at the current exchange rate of 1 USD = INR 83.70. This order marks a strategic advancement for DCX Systems in the aerospace and defense sector.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this announcement is aimed at keeping stakeholders informed about significant developments in the company. The order from ELTA Systems specifically focuses on the supply of RF Electronic Modules, essential components in various electronic applications, particularly in defense and aerospace technologies.

Key Details of the Order:

Entity Awarding the Contract: M/s. ELTA Systems Ltd., Israel

Nature of the Contract: The purchase order is specifically for the supply of RF electronic modules.

Execution Timeline: The order is to be executed within 12 months from the date of the award.

Financial Consideration: The total value of the order is US$ 18,495,779.10.

Interest and Related Party Transactions: There are no interests from the promoter group or related party transactions associated with this contract, ensuring the order is conducted at arms length.

This new contract not only enhances DCX Systems' order book but also solidifies its reputation as a reliable supplier in the international market, especially in the realm of defense and aerospace systems. The company's ability to secure such contracts highlights its competitive position and commitment to quality.

DCX Systems has continuously aimed to expand its footprint in the international market, and this order serves as a testament to its strategic initiatives. As the company progresses with this contract, it is expected to contribute positively to its revenue streams and overall market standing.

In conclusion, the receipt of this $18.5 million purchase order from ELTA Systems positions DCX Systems as a key player in the aerospace sector. For more information about the company and its offerings, please visit their official website at DCX Systems.

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