Centum Electronics Ltd. on Tuesday received an order worth Rs 668 crore from Hindustan Aeronautics Ltd. for the design and development of Active Electronically Scanned Array (AESA) radar system for the Utility Helicopter – Maritime (UH-M) programme.
The AESA Radar System being developed for the UH-M is intended to detect, classify, and track multiple maritime targets, thereby enhancing the operational and surveillance capabilities of the helicopter in maritime environments. The current order pertains to Phase-1, covering the design and development of AESA radar systems to be delivered over the next two financial years, according to a statement.
Upon successful execution of the Phase-1 order, the programme is expected to progress to Phase-2, which envisages the serial production and supply of AESA radar systems over a period of five years, subject to contractual terms and programme requirements.
"This AESA radar systems programme represents a significant opportunity for Centum to demonstrate its system-level design, development, and manufacturing capabilities in advanced radar and mission-critical defence electronics, while further strengthening its long-standing relationship with HAL," the statement said.
The Utility Helicopter-Maritime is an indigenous, twin-engine helicopter developed by HAL for the Indian Navy. Designed to replace aging Chetak helicopters, it focuses on ship-borne operations, including maritime surveillance, search & rescue (SAR), and logistics, with induction expected between 2027 and 2030.
Shares of Centum Electronics ended 5% at Rs 2,810 on the NSE, after the announcement, compared to a 1.1% decline in the benchmark Nifty 50. The stock has risen 118% on a 12-month basis, making it a multibagger in the defence pack.
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