L&T Technology Services wins Rs 320 cr deal from avionics maker

Engineering services provider L&T Technology Services said it won a $50 million (Rs 320 cr) contract to provide engineering and R&D services to “leading aerospace electronic systems manufacturer” for five years.

The company, a listed subsidiary of Larsen & Toubro, did not name the client.

It said the project will result in transformation of the customer’s operations into a managed services model.

The company will provide support to both existing products and for the development of next generation in-flight system, it said.

“This partnership with LTTS will help bring in our proven expertise in advanced data analytics and avionic simulations to drive product improvements across their product lines,” said Amit Chadha, President, Sales & Business Development.

“The prestigious award follows a rigorous validation process for the coveted engagement,” the company said. “The transformational deal significantly extends the engagement between the companies.”

“The need for compelling user experience is of utmost importance like never before and aerospace customers are looking for end to end engineering partners for their new age aviation initiatives,” the company added.

The services company said its decision to focus on its top 30 customers and large deals are paying rich dividends.

“The latest deal also complements the momentum achieved by the company in the areas of autonomous cars, electric vehicles, infotainment & embedded devices to name a select few,” it said.

L&T Technology Services Limited offers consultancy, design, development and testing services to 52 Fortune 500 companies and 48 of the world’s top engieering and research and development companies, it said.

It covers areas such as industrial products, medical devices, transportation, telecom & hi-tech, and the process industries.

The company has around 11,000 employees in 15 global delivery centers.