DCX Systems Share Price Soars on $54.8 Million Export Order from Lockheed Martin
Contents
- 1 DCX Systems share price
- 1.1 DCX Systems Share Price Soars on $54.8 Million Export Order from Lockheed Martin
- 1.1.1 DCX Systems Receives $54.8 Million Export Order
- 1.1.2 Previous Lockheed Martin Orders
- 1.1.3 About DCX Systems
- 1.1.4 Stock Performance and Market Capitalization
- 1.1.5 Conclusion:
- 1.1.6 FAQs:
- 1.1.6.1 1.What is the value of DCX Systems’ new export order?
- 1.1.6.2 2.When is the DCX Systems export order expected to be completed?
- 1.1.6.3 3.How did DCX Systems’ stock react to the announcement?
- 1.1.6.4 4.What is DCX Systems’ market capitalization?
- 1.1.6.5 5.What is the 52-week high and low for DCX Systems’ stock?
- 1.1.6.6 6.What products does DCX Systems manufacture?
- 1.1.6.7 7.Who are DCX Systems’ key clients?
- 1.1.6.8 8.What is DCX Systems’ position in the Indian defense sector?
- 1.1.6.9 9.How has DCX Systems’ relationship with Lockheed Martin evolved?
- 1.1.6.10 10.What is the current trading performance of DCX Systems’ stock?
- 1.2 DCX Systems share price
- 1.3 Zomato Introduces ‘Food Rescue’ to Reduce Food Wastage from Canceled Orders
- 1.1 DCX Systems Share Price Soars on $54.8 Million Export Order from Lockheed Martin
DCX Systems, a Bengaluru-based leader in the aerospace and defense sector, saw a significant uptick in its share price on Monday, November 11. The company’s stock hit the 5% upper circuit limit, reaching ₹356 per share on the Bombay Stock Exchange (BSE), following the announcement of a major export order from Lockheed Martin Global Inc., USA.
DCX Systems Receives $54.8 Million Export Order
DCX Systems confirmed in an exchange filing that it has secured export orders worth $54,798,120 (approximately ₹460.30 crore) from Lockheed Martin. This order will involve the supply of electronic assemblies, with the delivery expected to be completed within the next 12 months. The announcement marks a significant milestone for DCX Systems, reinforcing its position in the aerospace and defense manufacturing sector.
Previous Lockheed Martin Orders
This new contract builds on DCX Systems’ growing relationship with Lockheed Martin. Just last month, the company’s wholly owned subsidiary, Raneal Advanced Systems, received a similar export order from Lockheed Martin for ₹379.67 crore (approximately $45,199,440). These orders highlight DCX Systems’ expanding role as a trusted supplier of high-quality electronic subsystems and cable harnesses to the aerospace and defense industries.
About DCX Systems
Founded in Bengaluru, DCX Systems specializes in the manufacturing of advanced electronic subsystems, radar systems, sensors, and cable harnesses for both the aerospace and defense sectors. Their product range includes electronic warfare equipment, missiles, communication systems, and various cable assemblies like radio frequency, coaxial, mixed signal, power, and data cables.
Moreover, DCX Systems offers repair support for its products and collaborates with both domestic and international Original Equipment Manufacturers (OEMs) as an Indian Offset Partner (IOP), further strengthening its global footprint.
Stock Performance and Market Capitalization
Following the announcement, DCX Systems’ stock price surged, marking a 5% gain to ₹356 per share. As of 10:58 AM on Monday, the stock was trading 3.80% higher at ₹351.95. The company’s market capitalization stands at ₹3,587.76 crore, placing it within the BSE SmallCap category. DCX Systems’ 52-week high is ₹451.90 per share, while its 52-week low is ₹235.
In comparison, the BSE Sensex was trading 0.39% higher at 79,797.81 points during the same time, reflecting a positive overall market sentiment.
Conclusion:
DCX Systems’ recent surge in share price, spurred by the receipt of significant export orders from Lockheed Martin, signals growing investor confidence in the company. With a solid foundation in the aerospace and defense sectors, DCX Systems is well-positioned for future growth, driven by strategic contracts and continued innovation in its product offerings.
FAQs:
1.What is the value of DCX Systems’ new export order?
A. DCX Systems secured a $54.8 million (₹460.30 crore) export order from Lockheed Martin for electronic assemblies.
2.When is the DCX Systems export order expected to be completed?
A. The order is expected to be completed within 12 months.
3.How did DCX Systems’ stock react to the announcement?
A. DCX Systems’ stock price surged by 5%, hitting the upper circuit limit at ₹356 per share.
4.What is DCX Systems’ market capitalization?
A. DCX Systems’ market capitalization is ₹3,587.76 crore, as per BSE.
5.What is the 52-week high and low for DCX Systems’ stock?
A. The 52-week high is ₹451.90 per share, and the 52-week low is ₹235 per share.
6.What products does DCX Systems manufacture?
A. DCX Systems manufactures electronic subsystems, radar systems, sensors, electronic warfare equipment, missiles, and various cable assemblies.
7.Who are DCX Systems’ key clients?
A. DCX Systems serves major clients like Lockheed Martin, as well as other domestic and international OEMs in the aerospace and defense sectors.
8.What is DCX Systems’ position in the Indian defense sector?
A. DCX Systems is an Indian Offset Partner (IOP) and plays a key role in providing high-quality electronic subsystems and cable harnesses to the aerospace and defense industries.
9.How has DCX Systems’ relationship with Lockheed Martin evolved?
A. DCX Systems has received multiple export orders from Lockheed Martin, the latest being worth ₹460.30 crore, demonstrating a growing partnership.
10.What is the current trading performance of DCX Systems’ stock?
A. As of the latest update, DCX Systems’ stock was trading 3.80% higher at ₹351.95 per share.
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