Infosys shines on inking five-year agreement with Spirit AeroSystems
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Infosys is currently trading at Rs. 1476.90, up by 19.10 points or 1.31% from its previous closing of Rs. 1457.80 on the BSE.
The scrip opened at Rs. 1472.00 and has touched a high and low of Rs. 1480.00 and Rs. 1468.45 respectively. So far 81294 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1953.70 on 17-Jan-2022 and a 52 week low of Rs. 1367.20 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1480.00 and Rs. 1437.30 respectively. The current market cap of the company is Rs. 620832.99 crore.
The promoters holding in the company stood at 13.11%, while Institutions and Non-Institutions held 50.60% and 22.09% respectively.
Infosys has inked a five-year agreement with Spirit AeroSystems, Inc., one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. Infosys will collaborate with Spirit AeroSystems to provide aerostructure and systems engineering services for product development of commercial, business jet and emerging aircraft programs, and Maintenance, Repair and Overhaul (MRO) services.
This strategic collaboration builds on 16 years of longstanding relationship between the two organizations, during which Infosys has provided innovative design solutions for some of Spirit’s aerostructure programs. As part of this engagement, Infosys will offer end-to-end product development services, including design engineering, sustaining engineering, systems engineering, stress engineering, manufacturing engineering, and repair and maintenance. Leveraging knowledge-based engineering and engineering automation, Infosys also aims to accelerate product development across the value stream. In addition, Infosys will support Spirit to secure highly efficient structural designs and a robust certification process, contributing to the manufacture of innovative, lightweight, and more sustainable aircraft structures and components.
Infosys is a global leader in next-generation digital services and consulting.
