PTC Industries signs agreement with BAE Systems

31 Oct 2022 Evaluate

PTC Industries has signed an agreement with BAE Systems at the recent DefExpo 2022 held in Gandhinagar, Gujarat to manufacture titanium castings for the Indian 155mm M777 Ultra-Lightweight Howitzer (ULH) at PTC Industries’ production facility in Lucknow, Uttar Pradesh, India.

The first sub-systems will be produced by the end of 2022, and there is a plan to progress manufacture of all three of the major structures (Saddle, Cradle, and Lower Carriage) that form the basis of the gun. As a result of its participation in the M777 programme, PTC will also be able to support the global supply chain of BAE Systems.

PTC Industries is supplier and manufacturer of earth moving machine equipments, fork, machine tools, pump, spare parts -valves & pumps. It is exporter of stainless steel casting and non ferrous alloy.

PTC Industries Share Price

2460.00 29.70 (1.22%)
31-Jan-2023 15:51 View Price Chart
Peers
Company Name CMP
Electrost Castings 36.75
Kirloskar Ferrous 379.40
Man Industries 80.45
Alicon Castalloy 902.30
Nelcast 115.30
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