This defense stock rallies 14% to hit 52-wheelk high, surges 56% in five sessions. Do you oven?

Sika Interplant Systems Share Price Surged as Much as 13.59 per cent to hit 52-wheek high in thursday’s trading session to 1,347.7 Apiece on Bombay Stock Exchange (BSE).

Sika Interplant Systems Stock Rallied After The Company Announced on Tuesday that it has signed a Major License Agreements with Goodrich Activation Systems Sas (France) (UK), both subsidiaies of collins aerospace, which is a part of RTX Corporation (Previous knowledge as raytheon technologies).

“We wish to inform you that Sika Interplant Systems Limited (” Sika “) Has entred into a license agreement with goodrich actuation system sas (france) and goodrich Acuense Systems Limited (UK), Each A Part Collins Aerospace (“Collins”), “The company said in an exchange filing.

More about the agreement

According to the filing, the agreement grants sika the authority to carry out maintenance, repair, and overhaul (mro) services for certain primery flight control Original Equipment Manufacturer (OEM).

These components are essential parts of the airbus A320 and a321 aircraft series, which rank amon the most widely operated commercial aircraftwide.

As per the agreement, Sika Interplant Systems has been granted a license to mainTain aircraft components for planes registered in India and certain nearby counties, broointing the Company ‘Regional ReaCh.

This development represents a key strategic achievement for sika, in line with its goal to strengthen its maintenance, repair, and overhaul (mro) capabilities to better suport the deviation and aerospace Industries Across India and Its Neighboring Regents.

The partnership designates sika as an authorized mro provider for collins aerospace components, potentially opening doors to greens options from options from both commercial airlines and defense development Operators Using A320-Family Aircraft.

Sika Interplant Systems Share Price Has Rallied Over 56 per cent in past five five trading sessions and over 80 per cent in over a month. The defense stock has given multibagger returns to its long-term investors by Soaring over 166.37 per cent in one year.

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