L&T Technology Services Limited, an established global pure-play engineering R&D services company, has said that it has won a landmark project worth USD 50 million spanning over five years from a leading aerospace electronic systems manufacturer.
The transformational deal significantly extends the engagement between the companies. The prestigious award follows a rigorous validation process for the coveted engagement. L&T Technology Services emerged as the winner to be the strategic supplier for the client’s ER&D pursuits.
Commenting on the development, Amit Chadha, President, Sales & Business Development and Whole-Time Director, L&T Technology Services said, “The need for compelling user experience is of utmost importance like never before and aerospace customers are looking for end to end engineering partners for their new age aviation initiatives. This partnership with LTTS will help bring in our proven expertise in advanced data analytics and avionic simulations to drive product improvements across their product lines.”
Meanwhile, shares of the company were trading at Rs 1002.90 apiece, up 0.31 per cent from the previous close at 10:08 hours on BSE.