Rossell Techsys Limited (NSE: ROSSELL) has signed a long-term Indefinite Delivery, Indefinite Quantity (IDIQ) contract with Boeing (NYSE: BA) for manufacturing electrical panel assemblies for the T-7A Red Hawk, Boeing's advanced pilot training system.
Under the agreement, Rossell Techsys can produce up to 1,200 shipsets through 2033. This engagement builds on the company's successful execution of a prior IDIQ contract for wire harness assemblies for the same platform. It marks a significant milestone in Rossell's continued penetration into Boeing's global supply chain.
The T-7A Red Hawk is Boeing's fully digitally designed. built and tested training aircraft. Rossell Techsys has been associated with this program since its engineering and manufacturing development and early flight test stages. The company's consistent performance has been recognized with two prestigious Boeing "Supplier of the Year" awards.
"This contract further strengthens our long-standing partnership with Boeing, which began in 2013. It is a privilege to contribute to this global initiative and reinforce India's position as a hub for aerospace manufacturing excellence," said Mr. Rishab Gupta, Managing Director, Rossell Techsys Limited.
Rossell Techsys supports Boeing across several major defense platforms, including the F/A-18 Super Hornet, F-15 Eagle, AH-64 Apache, CH-47 Chinook, V-22 Osprey, P-8 Poseidon, KC-46 Pegasus, and other derivative platforms, in addition to the T-7A Red Hawk. To date, the company has delivered more than 160,000 critical assemblies to Boeing, underscoring its position as a trusted partner in the global aerospace supply chain.
Shares of Rossell Techsys Limited was last trading in BSE at Rs. 749.55 as compared to the previous close of Rs. 746.00. The total number of shares traded during the day was 5360 in over 394 trades.
The stock hit an intraday high of Rs. 763.60 and intraday low of 740.40. The net turnover during the day was Rs. 4028714.00.