Sika Interplant Systems (SIKA) shares soared 12% following the announcement of a significant License Agreement with Goodrich Actuation Systems SAS (France) and Goodrich Actuation Systems Limited (UK), both part of Collins Aerospace. As of 9:41 AM, the shares were trading 11.20% higter at Rs 918.05.
Under this strategic agreement, SIKA gains the license to perform maintenance, repair, and overhaul (MRO) of specific primary flight control actuation components manufactured by Collins Aerospace. These critical components are standard installations on all Airbus A320 and A321 series aircraft, widely used in commercial aviation.
The License Agreement authorizes SIKA to service these components for aircraft registered in India and select neighboring countries, strengthening SIKA’s regional footprint in aerospace MRO services. This collaboration supports SIKA’s growth strategy to expand its MRO capabilities and offer enhanced support to aviation customers across India and the surrounding region.
Market analysts view this partnership as a positive move for SIKA, positioning the company to capture a larger share of the aerospace MRO market amid growing demand for cost-effective aircraft maintenance solutions.
Sika Interplant Systems continues to build on its reputation as a trusted aerospace service provider, leveraging this collaboration to deliver high-quality maintenance solutions aligned with global OEM standards.
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