Hyderabad-based Sigma Advanced Systems secure Rs 104.9 million US contract
Hyderabad-based Sigma Advanced Systems Limited has secured a USD 104.9 million export order from a North American customer to manufacture and supply 147,000 base bleed artillery shell bodies. The contract, valued at about Rs 1,013 crore, will be executed over six to 12 months
Hyderabad: Sigma Advanced Systems Limited, the Hyderabad-based defence and aerospace manufacturing company, on Monday said it has secured a USD 104.9 million export order, worth roughly Rs 1,013 crore, from a North American customer for the manufacture and supply of 147,000 units of 155 mm base bleed artillery shell bodies, which are in high demand worldwide. The order will be executed over the next six to 12 months, the company said in a press release.
Sunil Kalidindi, CEO and Executive Director, Sigma Advanced Systems Limited, said: “Such contracts reflect the confidence global customers place in Sigma’s manufacturing capabilities and reinforce our ambition to become a long-term partner to leading defence organisations across global markets.”
The company, in a press release, said the order would bring multiple long-term benefits, including improving the company’s overall profitability, and strengthen its credentials as a capable, export-qualified manufacturer in the international artillery ammunition supply chain.
The order comes amid rapidly growing global investment in artillery modernisation, with defence forces across multiple regions prioritising ammunition stockpiling.
Having previously secured contracts for 155 mm fuzes and M107 artillery shell bodies, the company is now manufacturing more technologically advanced base bleed shells that integrate aerodynamics, energetics, propulsion-related technologies and systems engineering into the projectile.
