SIGMA ADVANCED SYSTEMS532408Aerospace and defense
Sigma Advanced Systems signed an agreement with Munitions India for 155mm artillery close correction fuses via its JV with Spanish defense firm EME Estrabano
By ScoutQuest · · 1 min read
- Share of business from defense
- 25 percent
Heard on business television between 11:52:52 - 11:55:52 IST.
- Pramod Raju said the defense business has three parts: historical defense electronics supplying BDL for decades, new electronic warfare opportunity, and defense exports.
- The company already executes and ships 155mm M107 shells to North American clients, with newer base bleed shell technology now going into production.
- Yesterday's announcement was for Alcon fuse guidance kits (course correction kits) via a joint venture with Spanish defense company EME Estrabano mechanical and engineering.
- This technology is already proven and field tested, supplied into large defense programs globally.
- Defense currently makes up around 25% of the business, split between India and international markets.
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Source: Live TV News Channel · 15 Oct 2026
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