1. From suits to fighter jets: Raymond's subsidiary wins an aircraft assembly contract

From suits to fighter jets: Raymond's subsidiary wins an aircraft assembly contract

Business

  • Raymond has entered aircraft assembly through its subsidiary JK Maini Global Aerospace, which has won a contract.
  • It will assemble wing and centre-fuselage structures for a fighter aircraft programme.
  • The company says this builds credentials for larger aerospace work without heavy upfront investment.
  • The move represents a significant shift for Raymond, which has traditionally focused on textiles, into aerospace.

Source: economictimes.indiatimes.com

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