Cyient DLM Ltd in focus after signing production contract with Boeing Global Services

The shares of one of the leading electronics system design and manufacturers came into focus after the company announced the signing of a production contract with Boeing Global Services (BGS) for precision-machined parts and assemblies.

Price Action

With a market capitalization of Rs 3,392.32 crore, Cyient DLM Ltd rose by 2.5 percent in Wednesday’s trading session and made an intraday high of Rs 433.25 per share compared to its previous closing price of Rs 422.70 per share. 

The stock reiterated from its day’s high and was trading at Rs 427.75 which is 1.2 percent lower than the previous closing price.

What Happened

Cyient DLM, a design-led manufacturing partner, has secured a production contract with Boeing Global Services (BGS) for precision-machined parts and assemblies. This marks a significant milestone in the collaboration between the two companies and underscores Cyient DLM’s focus on providing high-precision components to the aerospace industry.

Company Overview

Cyient DLM is a significant contributor in the field of electronic system design and manufacturing. They provide services such as system design, testing, integration, and production of electronic components and subsystems tailored for OEMs. 

Their products are utilized in various sectors including aerospace, defence, and various high-tech engineering sectors, with a strong global presence, catering to clients in India, Europe, North America, China, and Japan.

One among the first AS9100C-certified aerospace electronic manufacturing facilities, Cyient DLM is the first in India to receive NADCAP certification for Circuit Card Assembly (CCA). The company specializes in prototyping, small-batch production, box builds, and complete sub-assemblies and assemblies, incorporating precision machining and detailed integration. It also excels in additive manufacturing (3D printing) for proof-of-concept designs, design verification, and functional testing.

Written by Shwetha Sairam

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