HFCL shares jumped more than 4% in morning trade after the company formed a strategic partnership with General Atomics Aeronautical Systems Incorporated.
The partnership will see HFCL develop and provide vital subsystems for GA-ASI’s advanced Unmanned Aircraft Systems (UAS), positioning the Indian company as a significant contributor to one of the world’s most sophisticated UAV programmes.
Under this collaboration, the company will provide a crucial radar subsystem for UAVs that meet high military standards and operational requirements. The development demonstrates HFCL’s proficiency in cutting-edge technology and emphasizes its role in improving India’s defense capabilities.
As of 9:22 am, HFCL shares were trading 2.84% higher at Rs 166.40 on the NSE.
