Ramco Systems bags order from Canadian Aviation Co L-3 Aerospace

L-3 MAS, Canada’s leading aircraft support service provider, will implement Ramco Aviation Suite V5.7 to manage the Maintenance, Repair and Overhaul (MRO) operations of the Royal Canadian Air Force fleet of CC-150 Polaris aircraft.

Sep 06, 2016 06:09 IST India Infoline News Service

Ramco Systems, the global aviation software provider on cloud and mobile, announced that it has won an order from L-3 MAS for the Ramco Aviation Suite to support the Canadian CC-150 Polaris fleet.
 

L-3 MAS, Canada’s leading aircraft support service provider, will implement Ramco Aviation Suite V5.7 to manage the Maintenance, Repair and Overhaul (MRO) operations of the Royal Canadian Air Force fleet of CC-150 Polaris aircraft.
 
Ramco’s scalable and mobile-enabled MRO software built for the aviation industry will replace the incumbent legacy maintenance system in use for the CC-150 Polaris fleet with a full suite of aviation software covering Engineering & Programs, Materials Management, Maintenance, Compliance & Quality, Flight Operations, and MRO Sales, coupled with Offline Maintenance. The suite is expected to streamline L-3 MAS’ user processes and data infrastructure.
 
Ramco’s flexible, modular, and scalable architecture provides the horizontal and vertical scalability that L-3 MAS was looking for, including the need for offline maintenance capability.
 
Virender Aggarwal, CEO, Ramco Systems, said, “From mobility to BOTS, technology is changing at a rapid pace. At Ramco, the thrust is on blending these new-age technologies with business needs and offering solutions that result in improving productivity, operational efficiency and the customer experience. We are pleased to support L-3 MAS in addressing the highly specialized challenges of the CC-150 Polaris Fleet management. This win further cements our strength in addressing the needs of the mission-critical defence segment.”
 
With 75+ aviation leaders on board, Ramco is the solution of choice for several large airlines and top heli- operators and multiple MROs in the world. Designed to be accessible on cloud and mobile, Ramco Aviation Software continues to add technological innovations with wearable devices offering hands-free computing, ‘Anywhere’ apps redefining the power of mobility amongst others that help significantly reduce transaction time both during AOG conditions and critical aircraft turnarounds.

Stock View:
 
Ramco Systems Ltd is currently trading at Rs. 517.7, up by Rs. 31.7 or 6.52% from its previous closing of Rs. 486 on the BSE.
 
The scrip opened at Rs. 488 and has touched a high and low of Rs. 532.65 and Rs. 484 respectively. So far 83615(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1462.02 crore.
 
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 900 on 09-Nov-2015 and a 52 week low of Rs. 482 on 02-Sep-2016. Last one week high and low of the scrip stood at Rs. 526 and Rs. 482 respectively.
 
The promoters holding in the company stood at 55.91 % while Institutions and Non-Institutions held 25.93 % and 18.16 % respectively.
 
The stock is currently trading below its 200 DMA.

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