News

Sigma Advanced System has secured a USD 104.9 million (roughly Rs 1,013 crore) export order from a North American customer 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.As Sigma continues to invest in R&D and further advance its technological capabilities, it is adapting to the latest global requirements. Having previously secured contracts for 155mm fuzes and M107 artillery shell bodies, the company is now manufacturing more technologically advanced blase bleed shells that integrate aerodynamics, energetics, propulsion-related technologies, and systems engineering into the projectile. The progression reflects Sigma`s deliberate strategy to move up the value chain in artillery ammunition, building the engineering capability and programme credentials expected by global customers from their long-term strategic suppliers. The programme involves manufacturing of precision-engineered artillery projectile casings designed for integration into extended-range ammunition systems. Unlike conventional artillery shells, which experience aerodynamic drag and turbulence at the base of the projectile during flight, base bleed shells incorporate a gas-generating unit at the rear that reduces this drag, significantly extending the effective range of the system while maintaining full compatibility with existing 155mm artillery platforms in service worldwide.

Sigma Advanced Systems announced the acquisition of 100% of the equity share capital of Bromford Precision Solutions (Bromford), a leading UK-based specialist manufacturer of high-precision, complex aeroengine rings and other engine structures. The transaction, valued at approximately GBP 11.89 million (approximately Rs 153 crore), is expected to close by end July 2026, subject to customary closing conditions. The transaction represents an enterprise value to adjusted EBITDA (CY2026 estimate) multiple of approximately 4.6x, reflecting Sigma`s disciplined approach towards value-accretive strategic acquisitions.

Sigma Advanced Systems has been awarded an export contract valued at US$21.97 Mn (nearly Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America. The contract will be executed over a six-month period, with production and deliveries scheduled for completion within this timeframe. This new order marks a strategic expansion in munitions capabilities for Sigma, moving from a fuze manufacturer to a complete artillery shell component production manufacturer. This dual capability highlights Sigma Advanced Systems` evolution into a comprehensive global defence munitions partner with end-to-end engineering and precision manufacturing expertise. Commenting on the announcement, Sunil Kalidindi, CEO & Executive Director, Sigma Advanced Systems, said, This contract reflects the confidence international customers place in India`s defence manufacturing ecosystem and in Sigma`s ability to deliver complex, high-precision products at scale. Manufacturing artillery shell bodies requires deep expertise in metallurgy, precision engineering, process control, and quality assurance. This order strengthens our position within the global defence supply chain and demonstrates our ability to support international customers with world-class manufacturing capabilities from India.

Sigma Advanced System announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 June 2026.

Sigma Advanced System will hold a meeting of the Board of Directors of the Company on 4 June 2026.