Sigma Advanced Systems share price will remain in focus on October 27 after the company secured an order worth USD 102.23 million, approximately Rs 973 crore, from a NATO customer for the manufacture and supply of Base Bleed (BB) units for 155 mm artillery ammunition.
The order is scheduled to be executed over a period of 12 months
On October 21, Sigma Advanced Systems received an order worth USD 19.70 million, approximately Rs 174 crore, from a North American customer serving the NATO defence ecosystem.
That contract involves the manufacture and supply of specialised ancillary subsystems for 155 mm artillery ammunition. The order is scheduled to be executed by the second quarter of 2027, with manufacturing to be undertaken within the Sigma ecosystem.
Earlier in October, the company also signed a Memorandum of Understanding (MoU) with Munitions India Limited (MIL) for the integration, indigenous manufacturing and supply of its established 155 mm artillery course correction fuzes (CCF).