DCX Systems Ltd. announced on Friday that it has received an export order worth ₹483 crore from Israel-based Elta Systems Ltd. The contract involves manufacturing and supplying close-in weapon system (CIWS) module assemblies for Elta.
In September, the company’s wholly owned subsidiary, Raneal Advanced Systems Pvt. Ltd., received a license from the Ministry of Commerce and Industry to manufacture defence electronic equipment. This license also permits the production, assembly, and testing of microwave submodules for command and guidance units used in missile subsystems.
Additionally, the 15-year license allows the company to manufacture avionics and radar systems at its Bengaluru-based facility. DCX Systems specializes in the production of electronic subsystems, wire harnesses, and cables for the defence and aerospace sectors, serving both domestic and international markets.
As of September 30, the company’s order book stands at over ₹2,164 crore. However, for the quarter ending September, the company reported a revenue of ₹195.62 crore, marking a 36.72% decline year-on-year. Net profit also dipped 7% to ₹5.22 crore.
DCX Systems is a prominent player in the Indian defense and aerospace sector, specializing in manufacturing and integration of high-quality cable assemblies, harnesses, and mission-critical systems. Headquartered in Bengaluru, the company caters to a diverse clientele, including leading global defense and aerospace firms, leveraging its state-of-the-art facilities and advanced technologies.
DCX Systems plays a vital role in India’s indigenization efforts under the Make in India initiative, contributing to the development of locally produced defense equipment and systems. With a strong focus on innovation, precision, and reliability, the company is well-positioned to support India’s growing defense and aerospace ambitions while establishing itself as a trusted name in the global market.
