DCX Systems Received an Export Order Worth Rs 460.3 Crore From Lockheed Martin Global Inc

DCX Systems Limited is making headlines again, this time with a massive export order from Lockheed Martin Global Inc., USA. Valued at $54.8 million, or roughly Rs.460.3 crore, the deal involves the supply of electronic assemblies, which the company plans to complete within 12 months.

Order Pipeline

This isn’t DCX Systems’ first big-ticket deal. Last month, the company secured orders worth $1.23 million (Rs.10.31 crore) for cable and wire harness assemblies. The company’s order book currently stands at Rs.1,937 crore, with a promising pipeline of projects signaling momentum.

The upcoming board meeting on November 12, 2024, adds to the buzz, as the company will release its unaudited financial results for the quarter and half-year ending September 30. Investors and analysts will be keeping a close watch on the numbers, which could provide further insights into its financial health and other plans ahead.

Rising in Aerospace Industry

DCX Systems, founded in 2011 and based in Bengaluru, has built a reputation for delivering high-tech solutions in defence and aerospace. Its portfolio includes radar systems, electronic warfare equipment, and cable assemblies. Collaborating with global giants like Lockheed Martin, the company has become a critical partner for advanced projects.

Market Performance 

The announcement had an immediate impact on the markets. Shares of DCX Systems jumped over 5% in early trade today,  on November 11, 2024 touching Rs.356.20. By mid-morning, the stock was trading at Rs.351.95, marking a 3.8% rise. While the stock remains below its 52-week high of Rs.451.90, it’s well above its low of Rs.235.

Conclusion: With this order from Lockheed Martin, DCX Systems is sending a clear message, it’s here to establish its position. This stream of international deals and an ever-expanding order book positions the company as one to watch in the Indian defence sector. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.