Sigma Advanced Systems Secures $104.9 Million Export Order for 155mm Base Bleed Artillery Shells
Sigma Advanced Systems, a Hyderabad-based aerospace and defense components manufacturer, has secured a $104.9 million (approximately ₹1,013 crore) export order from a North American customer. The order involves manufacturing and supplying 147,000 units of 155mm base bleed artillery shell bodies over the next 6 to 12 months. Base bleed shells incorporate a gas-generating unit at the rear to reduce aerodynamic drag, significantly extending range while maintaining compatibility with existing 155mm artillery platforms. This contract represents a technological progression for Sigma, moving up the value chain from previous orders for fuzes and M107 shells. The order comes amid rising global investment in artillery modernization and ammunition stockpiling. Following the announcement, Sigma's shares closed 5% higher at ₹547.50 on the BSE.
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