Cyient DLM has managed to nail a strategic avionics manufacturing deal, having been awarded to manufacture high reliability printed circuit board assemblies for Thales' next-generation flight avionics systems, in a partnership that underlines strengthening Cyient DLM's foothold in the aerospace and defense market.
These printed circuit board assemblies will be fitted to top commercial aircraft and bear testimony to Cyient DLM's capabilities.
"At Thales, we are committed to advancing the Make in India vision, and in that spirit, we are proud to foster deeper ties with our trusted local partners. Cyient DLM has demonstrated strong technical capabilities and a competitive edge over the years for various Thaless solutions. We are pleased to have them onboard to also manufacture high-reliability PCBAs for our next-gen flight avionics systems", said Deepak Talwar, vice president group procurement, engineering, and India, Middle East, and Africa, Thales.
Anthony Montalbano, CEO, Cyient DLM, added, "We are honored to have been chosen by Thales for this prestigious program. This collaboration highlights Cyient DLMs strong capabilities in delivering high-reliability electronics for the aerospace industry, and we look forward to supporting Thales with world-class manufacturing solutions."
The company remains devoted to advancement in avionics technologies through the pursuit of strategic partnerships.
Meanwhile, the company reported a decline in net profit by 40.4% to ₹10.99 crore in Q3 FY25, while revenue gained 38.37% YoY to ₹444.23 crore. Share price decreased 2.92% on the BSE to ₹420.30.