Sigma Advanced Systems has secured a $104.9 million (around Rs 1,013 crore) export order from a North American customer. The order is for the manufacture and supply of 147,000 units of 155mm base bleed artillery shell bodies which are in massive demand worldwide. The order will be executed in the next 6 to 12 months.
This order brings multiple long-term benefits. The order is expected to be margin accretive, supporting an improvement in the company’s overall profitability. Beyond its commercial value, the contract strengthens the company's credentials as a capable, export-qualified manufacturer in the international artillery ammunition supply chain and is expected to serve as a reference programme in support of the company's efforts to build relationships with new customers and partners in overseas markets.
Sigma Advanced Systems is a globally integrated aerospace and defence company with decades of manufacturing experience.
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