On June 16, 2025, Indra, a European global leader in defence, aerospace, and strategic systems, signed a strategic Memorandum of Understanding (MoU) with AXISCADES Technologies Limited to boost the production of cutting-edge defence systems in India. This agreement was formalised during the Paris Air Show at Le Bourget, one of the world's leading aerospace events, marking a significant move in international defence collaboration.

The MoU was signed between José Vicente de los Mozos, CEO of Indra, and Dr. Sampath Ravinarayanan, Chairman of AXISCADES, in the presence of Indra Chairman Ángel Escribano and AXISCADES CEO & MD Alfonso Martínez. This collaboration aligns with India’s vision of becoming a global hub for defence manufacturing and supports Atmanirbhar Bharat (self-reliant India) in defence technology.

The strategic alliance allows Indra to acquire defence-related products and services from AXISCADES, which will leverage its design, development, production, and supply chain center in India to deliver on the contracts. The partnership covers a wide range of defence equipment, notably:

• Tactical Air Navigation Systems (TACAN) antennas

• Distance Measuring Equipment (DME), crucial for providing in-flight aircraft information

• Countermeasure systems, which are designed to protect aircraft from missile threats like MANPADS (Man-Portable Air Defence Systems)

This joint initiative marks a critical advancement in Indra’s strategy to manufacture aerospace and defence equipment within India. The partnership not only enhances Indra’s global supply chain and competitive edge but also strengthens AXISCADES’ role as a key player in India's defence and aerospace ecosystem.

In addition to product manufacturing, both companies are exploring joint development of new defence products for the Indian and international markets. This includes adapting Indra’s existing systems or innovating new solutions tailored to specific regional requirements. The deal goes beyond simple manufacturing and moves into strategic product design, localization, and global delivery.

Furthermore, Indra and AXISCADES are evaluating potential collaborations in Maritime Patrol Aircraft (MPA) Airborne Solutions. They are also exploring a dedicated partnership for DRDO’s CABS MRMR (Medium Range Maritime Reconnaissance) and MMMA (Multi-Mission Maritime Aircraft) programs, showcasing their long-term commitment to India’s indigenous defence modernization goals.

AXISCADES, headquartered in Bengaluru and listed under BSE Scrip Code 532395 and NSE Symbol AXISCADES, is renowned for offering cutting-edge solutions across aerospace, defence, and electronic systems. With over 25 years of experience, AXISCADES has served several OEMs and Tier 1 suppliers, becoming a trusted partner in global engineering and manufacturing projects. This alliance reinforces its leadership in product development from conceptual design to certification and delivery.

Indra, with a presence in 49 countries and business in over 140, brings unmatched capability in air traffic control systems, defence systems, and strategic technologies. In 2024, the company reported revenues of €4.843 billion, confirming its strength as a global defence powerhouse. It has a history of providing mission-critical technologies to India’s Armed Forces and has contributed significantly to civil air traffic modernization projects in India.

This new partnership adds to Indra’s network of international collaborations, reinforcing its industrial ecosystem in aerospace and defence, while also deepening its ties with Indian companies. With an existing presence and successful track record in India, this move cements Indra’s role in India’s Make in India and self-reliance initiatives.

The TACAN and DME systems, which will now be produced in India, are vital components for navigation and aircraft safety. The countermeasure systems included in the agreement are designed to defend aircraft against missile attacks and are considered essential for military-grade aviation security. These systems are integral to both military and civil aircraft and mark a new level of technological sophistication being developed domestically.

By manufacturing these high-end systems in India, AXISCADES and Indra are contributing to skill development, job creation, and the expansion of India's defence manufacturing infrastructure. This collaboration is also expected to enhance export potential and position India as a global supplier of advanced defence systems.

The announcement made at the Paris Air Show not only highlights the companies’ commitment to innovation and defence readiness but also sends a strong signal about India’s growing footprint in global defence supply chains. This partnership will also likely encourage other international OEMs to seek Indian partners for local manufacturing and co-development.

The signing of this agreement is a major milestone for AXISCADES Technologies Limited, further establishing its role as a critical enabler of India’s defence transformation journey. It also enhances the credibility of the Indian defence ecosystem as capable of producing highly advanced technologies on par with international standards.

In conclusion, the partnership between Indra and AXISCADES, signed on June 16, 2025, marks a turning point in India’s aerospace and defence capabilities. With a clear roadmap for production, innovation, and co-development of advanced systems, this agreement aligns with the strategic interests of both companies and supports India’s aspirations of becoming a global defence manufacturing hub. The production of TACAN, DME, and missile countermeasure systems in India by a globally reputed firm like Indra, in partnership with an Indian leader like AXISCADES, showcases a perfect blend of international technology and local execution excellence.

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