AKSI Aerospace Lands Rs 85 Crore Drone Subsystem Order

AKSI Aerospace Group has secured an order from global drone manufacturer FIXAR to supply drone subsystems worth Rs 85 crore. The company will invest USD 5 million to expand its Hyderabad facility, anticipating a revenue increase. AKSI's drones gained recognition post Operation Sindoor.

AKSI Aerospace Group announced on Friday it has secured a significant order to supply drone subsystems worth Rs 85 crore to global drone manufacturer FIXAR.

The aerospace company revealed a plan to invest USD 5 million over the next two years to enhance its facility in Hyderabad, where it produces essential drone components like autopilots and navigation units.

Pankaj Akula, Managing Director of AKSI Aerospace, projected a twofold revenue increase, attributing recent success to the company's recognition post Operation Sindoor for its indigenous drone parts used by the Indian armed forces.

(With inputs from agencies.)