Raymond moves into fighter aircraft assembly

Raymond Ltd announced on Wednesday that its subsidiary, JK Maini Global Aerospace Ltd, has secured a contract to assemble wing and centre-fuselage structures for an indigenous fighter aircraft programme. The company did not reveal the name of the customer, the fighter aircraft programme, or the order's value. This marks Raymond's planned entry into aircraft structures, moving beyond precision manufacturing and aerospace components.

The win is strategic for Raymond as it allows the group to enter the high-value aircraft structures segment while maintaining capital efficiency. The program is expected to utilize the customer's existing infrastructure, enabling Raymond to build capabilities and execution experience without significant upfront investments in new facilities.

Group CFO Rakesh Tiwary emphasized that this opportunity provides an entry into the high-value aircraft structures segment and establishes critical execution credentials for participation in larger aerospace programs.

JK Maini Global Aerospace will focus on the assembly of major aircraft structures, leveraging its capabilities in this new venture. The company has not disclosed the expected revenue contribution from the program or the timeline for production. Raymond's aerospace and defence business serves both Indian and international customers, aligning with the group's broader push into engineering-led businesses.