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L&T Technology Services selected by Airbus for Skywise Partner Programme

Posted On: 2021-02-25 00:30:28 (Time Zone: Arizona, USA)


L&T Technology Services (NSE: LTTS), a leading global pure-play engineering services company, announced that it has been selected by Airbus to provide technology and digital engineering solutions for Airbus' Skywise platform as part of the 'Skywise Partner Programme'.

With more than 130 airlines around the world already connected to Skywise, the platform is playing a very important part in enabling and accelerating digital transformation of the aviation sector as a whole. LTTS will support the airlines in the development of complex workflows, creation of new interfaces between their existing information systems and Skywise and also provide assistance in their digital transformation with Skywise.

LTTS has a set of highly experienced engineers and data scientists who will work exclusively on the Skywise platform and build solutions to address the digital transformation needs of airlines and the fast-expanding Skywise ecosystem. LTTS' demonstrated experience in building digital engineering platforms based on strong domain knowledge help strengthen the interdependencies these digital technologies are enabling.

Abhishek Sinha, Chief Operating Officer and Member of the Board, L&T Technology Services commented, "Airbus is one of our valued customers in the aerospace domain, a sector which offers tremendous potential for disruptive business opportunities. We are delighted to be selected as a partner for Airbus Skywise programme, a true reflection of our long-standing partnership with an important market leader like Airbus and our deep understanding of Airbus' product development and customer needs".

LTTS has a track record of serving the aerospace landscape for over a decade, helping airlines and aerospace manufacturers maximize their Return on Investments (RoI) and increase quality and output. Having forged strategic alliances with several Fortune 500 companies, LTTS has the strong technical knowledge, aerospace engineering expertise and skilled resources to drive innovation for aerospace and defense customers across the globe.

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.2500 as compared to the previous close of Rs. 2460.45. The total number of shares traded during the day was 17435 in over 1925 trades.

The stock hit an intraday high of Rs. 2507 and intraday low of 2402.2. The net turnover during the day was Rs. 43111785.


Source: Equity Bulls

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