Global aviation software provider Ramco Systems Corporation, USA (RSC) is continuing to expand its footprint into the North American defense market. With the recent establishment of its U.S. based, wholly owned subsidiary - Ramco Systems Defense and Security Incorporated (RSDSI), the company announced the opening of new offices for RSDSI in Dallas and Washington D.C.
Having witnessed significant growth in the U.S. defense segment, Ramco Systems Corporation is serving major U.S. defense prime contractors providing services across the Department of Defense, ranging from depot maintenance, aircraft fleet management for In-Service aircraft, Government facility management, adversary air services and pilot training, logistics and sustainment support for aircraft in the field, and MRO activities with its aviation MRO software. With RSDSI the company will now be well positioned and equipped to support the existing and new U.S. Defense and Security customers.
As part of the new defense entity, Ramco has hired U.S. military and U.S. defense industry veterans to lead the defense focused organization. Robert Sprigg (USN RADM ret.) leads as the President of RSDSI, and Rod Rodríguez (USAF Lt Col ret.) joins as Vice President of Business Development. These leaders bring a wealth of experience from their U.S. military service and various positions in the U.S. defense industry leadership at the SVP, C-Suite, President and CEO levels.
Manoj Kumar Singh, President Ramco Systems Corporation, USA, & Chief Customer Officer - Aviation, Aerospace & Defense, Ramco Systems, said, "The formation of the Defense & Security organization is a major milestone for Ramco Aviation, and a key structural investment for our growth in the U.S. Defense market. There is a clear realization in the market that while the security and defense compliance of the software is critical for entry into this segment, the real value comes from the functional and technical richness of the software that directly impacts the end goal of the U.S. military - mission readiness of its aircraft fleet. This is where Ramco's unique differentiation comes in. We are excited to have Robert Sprigg and Rod Rodríguez lead our defense organization's growth and our future contributions to the U.S. Defense and Security community."
Ramco Aviation, Aerospace & Defense (AAD) Software is trusted by 24,000+ users to manage 4,000+ aircraft globally. With 80+ Aviation organizations onboard, Ramco is the solution of choice for top heli-operators, leading defense companies, space launch vehicles, UAS/Drones, eVTOL and multiple MROs around the world. Available on cloud and mobile, Ramco AAD Software provides accessibility with 'Anywhere Apps', significantly reducing transaction time both during aircraft-on-ground (AOG) conditions and critical aircraft turnarounds. Ramco is changing the paradigm of enterprise software with Artificial Intelligence based solutions, powered by new features such as digital task cards, offline capability, chatbots, mail bots, HUBs and cognitive solutions.
Shares of Ramco Systems Limited was last trading in BSE at Rs. 277.75 as compared to the previous close of Rs. 283.45. The total number of shares traded during the day was 17856 in over 936 trades.
The stock hit an intraday high of Rs. 285.05 and intraday low of 276.25. The net turnover during the day was Rs. 5023206.00.