Recently, the Defense Research and Development Organization (DRDO) labs and Hindustan Aeronautics Limited (HAL) awarded fresh contracts to Applied Electro Magnetics (AEM). This move is in line with AEM’s plan to grow at a pace of 25% per year, which reflects the company’s growing presence in the defense industry.
Both HAL and DRDO, important participants in India’s defense industrial scene, have awarded AEM substantial contracts. It is anticipated that this action will improve AEM’s market presence and capabilities in the defense technology industry.
The company’s goal of 25% yearly growth shows that it has strong business prospects and is confident in its operational plans.
This program is in line with the government’s larger drive for independence in defense industry through programs like “Make in India,” which promotes homegrown manufacture and creativity.
In addition to strengthening AEM’s standing in the defense sector, this strategic alliance with HAL and DRDO advances India’s objective of developing its own defense capabilities.
