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.
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.