AXISCADES Technologies Limited — Updates, 09-02-2025: Press Release

MBDA and AXISCADES have engaged in a strategic partnership to establish a Centre of Excellence (COE) for Test Benches in Bangalore. This initiative supports MBDA’s Make In India initiatives and enhances their capability to fulfill global Test Solution needs, particularly focusing on MICA missiles and other platforms. The new COE will be located at AXISCADES's upcoming facility at Aerospace Park and will cover 42,000 sq. ft., equipped for simultaneous design, development, and production of multiple test benches.

This collaboration builds on AXISCADES’s long-standing relationship with MBDA, dating back to 2018, where they have successfully worked on Test Solutions for various missile systems. The new COE is expected to bolster AXISCADES’s position as a crucial Offset and indigenization partner for MBDA, with expectations of increased operational activities ahead. Investors should view this partnership as a significant growth opportunity for AXISCADES, reinforcing its role in India's defense sector while potentially enhancing revenue streams through expanded engagements with MBDA.