Shares of Ramco System rose 11.7 percent intraday Wednesday on bagging order in the United States.
Ramco Systems has secured deal from a leading adversary air (ADAIR) services provider to the US defence forces, to manage its fleet of fighter aircraft used for highly complex training fleet and defence contract requirements.
Company will implement its full suite Ramco Aviation Suite V5.8, covering modules for engineering and maintenance, supply chain management, safety & quality, flight operations, integrated with finance, as per company release.
Ramco’s one stop solution will cover all functional areas in a single software, enabling the client adhere to defence regulatory needs, it added.
Virender Aggarwal, CEO, Ramco Systems, said, There has been a quest for technological superiority in the Defence segment and Ramco with its Aviation and Maintenance domain expertise will aid organizations leverage disruptive technology to maintain dominance.”
At 13:22 hrs Ramco System was quoting at Rs 300, up Rs 19.15, or 6.82 percent on the BSE.
