Shares of DCX Systems Ltd hit a 5% upper circuit on 11 November after the company announced securing an order worth Rs 460 crore ($54 million) from Lockheed Martin Global Inc, USA. 

In its regulatory filing, the company said that it had secured a purchase order from Lockheed Martin Global Inc. for the supply of electronics assemblies that have to be completed in a period of 12 months. 

In October, the company’s wholly-owned subsidiary, Raneal Advanced Systems, received export orders worth Rs 379.67 crore (or about $45,199,440) from Lockheed Martin Global. 

Last month, the company received orders for cable and wire harness assemblies from overseas clients totalling USD 1,227,971.00, or roughly Rs 10.31 crore.

Moreover, the Board of Directors of the company are set to meet on 12 November to review and approve the company’s unaudited standalone and consolidated financial results for the quarter and a half ending 30 September 2024.

Bengaluru-based DCX Systems specialises in producing electronic subsystems and cable harnesses for the aerospace and defence industries. Their offerings include system integration, radar systems, sensors, electronic warfare equipment, missile systems, communication systems, and a wide range of cable assemblies, such as radio frequency, coaxial, mixed-signal, power, and data cables. 

Additionally, DCX Systems provides repair support services and partners with domestic and international original equipment manufacturers (OEMs) as an Indian Offset Partner (IOP).

At 11:42 am, the shares of DCX Systems were trading 3.55% higher at Rs 351.30 on NSE. 

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