NIBE Secures ₹6.12 Crore Guided Rocket Parts Order from Elbit Systems

NIBE Limited, a pioneering Indian defence manufacturer, has announced a landmark achievement in receiving an international order from Israel’s Elbit Systems Land Ltd to manufacture and supply parts for the 70mm class air-to-surface Guided Advanced Tactical Rocket (GATR), as per exchange filings. 

This is the first time a rocket of this sophistication will be produced in India, with the contract valued at $700,000 (approximately ₹6.12 crore). The project is scheduled for execution by September 2026 and is aligned with India’s broader Atmanirbhar Bharat and Make in India initiatives.

GATR Rocket Order: Scope, Technicals and Significance

The GATR, or Guided Advanced Tactical Rocket, is a highly precise 70mm air-to-surface weapon system with a strike range of up to 10 km. It is engineered to intercept moving targets travelling at speeds of up to 100 kmph and is equipped with advanced semi-active laser guidance for pinpoint accuracy. 

Capable of delivering a 16kg warhead with a penetration capability of 200mm into reinforced concrete, GATR is compatible with multiple global attack helicopters such as the AH-64 Apache and India’s HAL Rudra. 

This order not only positions India to produce such advanced munitions for the first time, but also cements NIBE Limited’s standing as a rising international partner in high-end defence manufacturing. 

The rocket is seen as a cost-effective, high-precision solution for tactical air operations and medium-strike missions. NIBE will spearhead the localisation, production, and platform integration of GATR for both the Indian Armed Forces and global allies, a step expected to improve mission success rates and bolster operational safety.

About the NIBE and Elbit System Land 

NIBE Limited, headquartered in Pune, is a listed public company that has been gaining recognition for its expertise in advanced defence technologies, engineering solutions, and precision manufacturing. As an active contributor to India's defence ecosystem, NIBE continues to support the country's vision for self-reliance through meaningful global collaborations and high-end indigenous production.

Elbit Systems Land Ltd, a subsidiary of Israel’s Elbit Systems Ltd, is a global defence leader with deep specialisation in land-based platforms, weapons systems, advanced munitions, and digital battlefield integration. The company supplies cutting-edge technologies to military forces across the globe and is known for its innovation in precision-guided systems.

Also Read: India and Brazil Hold Strategic Meeting to Strengthen Defence Ties and Military Cooperation

NIBE Share Price Performance 

As of August 4, 2025, at 11:32 AM, NIBE share price is trading at ₹1,630 per share, reflecting a gain of 0.54%. Over the past month, the stock has declined by 2.68%.

Conclusion

The international partnership between NIBE Limited and Elbit Systems is not just a commercial success but a strategic leap for India's defence export ambitions. With delivery due by September 2026, the order strengthens India’s industrial capabilities while supporting the broader goals of indigenous innovation and global relevance under the Atmanirbhar Bharat framework.

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