Apollo Inks MoU for Rocket Motor Production with US Partner

Apollo Strategic Technologies Pvt Ltd, a step-down subsidiary of Apollo Micro Systems Ltd, has entered into a strategic MoU with a US-based firm for rocket motor technology transfer, co-development, and licensed production. This major defence sector development aligns with India’s Make in India vision.

Apollo's Strategic Move Towards Indigenous Rocket Motor Production

Apollo Strategic Technologies Pvt Ltd (ASTPL), a subsidiary of Apollo Defence Industries Pvt Ltd, signed a Memorandum of Understanding with Dynamic Engineering and Design Incorporation, USA. The agreement, formalised at DSEI London, focuses on joint development and local production of rocket motors for BM-21 Grad ER and non-ER rockets.

This move aims to enhance India's defence manufacturing self-reliance by establishing a domestic production ecosystem for rocket propulsion systems. It marks a significant leap in integrating in-house developed warheads with locally manufactured rocket motors.

BM-21 Grad Rockets: A Global Market Opportunity

The BM-21 Grad rocket system, widely used for area saturation in combat scenarios, employs 122 mm artillery rockets. With a range of up to 40 km, these unguided rockets remain in high demand globally due to their effectiveness and adaptability in battlefield environments.

Apollo Group’s previous success in developing the 122 mm rocket warhead in-house adds momentum to this new venture. The company now aims to commence trials immediately and scale up to full production by mid-2026.

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Why Domestic Rocket Motor Production Matters

Rocket motors are the core of any missile system, impacting thrust, range, and accuracy. Producing them locally helps reduce import dependency, ensures quicker delivery, and supports life cycle maintenance. The initiative is also crucial for achieving strategic autonomy in defence.

The planned co-production model will reduce lifecycle costs and enable rapid production scalability. It also fits into India's broader goal of emerging as a global supplier of high-quality defence systems.

Apollo Micro Systems Share Price Performance

On September 11, 2025, Apollo Micro Systems share price opened at ₹287.50 on NSE, above the previous close of ₹283.10. During the day, it surged to ₹294.00 and dipped to ₹283.10. The stock is trading at ₹293.05 as of 12:29 PM. The stock registered a significant gain of 3.51%.

Over the past week, it has declined by 3.74%, over the past month, it has moved up by 57.23%, and over the past 3 months, it has moved up by 52.65%.

Conclusion

Apollo’s MoU with its US counterpart sets the stage for the company to become a key player in India's private defence manufacturing sector. By combining in-house warhead development with domestic rocket motor production, Apollo is positioning itself at the forefront of indigenous rocket system production and boosting India’s self-reliant defence ecosystem.

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