Sigma Advanced Systems $105M artillery order

Sigma Advanced Systems Limited, a Hyderabad-based defense manufacturer, secured a USD 104.9 million (approximately Rs 1,013 crore) export order from a North American Cobalt Inc.n customer to manufacture and supply 147,000 next-generation 155mm base bleed artillery shell bodies. The order will be executed over the next 6 to 12 months. This contract marks Sigma's progression into more advanced artillery ammunition, following earlier contracts for 155mm fuzes and M107 artillery shell bodies. Base bleed technology reduces aerodynamic drag, extending range by 15-30% while remaining compatible with existing 155mm howitzers. The company expects the order to improve revenue and EBITDA margins and strengthen its credentials as a global defense exporter. CEO Sunil Kumar Kalidindi stated the contract reflects global customer confidence in Sigma's manufacturing capabilities. The deal comes amid rising global demand for artillery ammunition due to conflicts in Ukraine and West Asia, which have depleted NATO and allied stockpiles.