Aeroflex Industries Eyes Aerospace Sector Amid India's Growing Space Ambitions

Aeroflex Industries, whose hoses are used in utilities and firefighting, looks to enter aerospace sector amid India's growing space program.
Aeroflex aims for its products to be part of India's next space mission, is in talks with aerospace companies like HAL and ISRO.
Move to aerospace will help diversify Aeroflex's revenue; expects 5% of revenue from aerospace in 3-4 years.
Aeroflex looking to cut imports of coils from China, source more locally for faster delivery.
Aeroflex saw 86% revenue growth in past 2 years to $32.5 million, expects 35% growth in next 3-4 years.

reuters.com

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Posted 9/13/2023, 12:05:24 AM