Sigma Advanced Systems Share Price in Focus; Signs MoU with Munitions India for Artillery Technology

Sigma Advanced Systems Limited has signed an exclusive memorandum of understanding (MoU) with Munitions India Limited for the integration, manufacturing and supply of course-correction fuzes for 155 mm artillery ammunition. The agreement was announced on October 14, 2026. 

It also covers related components, subsystems, and technologies. The companies plan to work on domestic production and the supply of these systems for India's defence requirements, including ongoing military programmes. 

Course-Correction Technology 

The programme will use a Course Correction Guidance Kit that is currently used by international customers. The agreement includes technology transfer, qualification, local manufacturing and integration of the system in India. 

Course-correction technology allows an artillery projectile to make adjustments to its trajectory during flight. According to the company's release, the technology is intended to improve accuracy and operational effectiveness. 

Domestic production is also expected to reduce dependence on imported solutions. 

Responsibilities of Both Companies 

Sigma will contribute its engineering and programme execution capabilities, along with its existing defence technologies. Munitions India will bring its ammunition manufacturing infrastructure and experience in producing ammunition and explosives. 

The companies plan to develop local manufacturing and engineering capabilities for the technology. The arrangement also includes scope for increasing indigenous content and technical expertise over time. 

Sigma Advanced Systems Overview  

The company operates in aerospace and defence precision engineering, with products and systems covering aerospace, avionics, naval systems, radars and communications. 

Munitions India Limited is a defence public sector enterprise under the Ministry of Defence, headquartered in Pune. It manufactures ammunition, explosives and related defence products for India's armed forces and international customers. 

Focus on Indigenous Defence Production 

The agreement is aligned with the government's Make in India and Atmanirbhar Bharat initiatives. It focuses on developing domestic manufacturing capacity for a defence technology currently used by international customers. 

The partnership will cover the integration and local manufacture of course-correction systems for 155 mm artillery ammunition.  

The companies have stated that the programme is intended to support ongoing military requirements and expand domestic production capabilities. 

Read More: Bharat Electronics Share Price in Focus; Secures Defence Orders Worth ₹533 Crore! 

Sigma Advanced Systems Share Price Performance  

As of October 14, 2026, 10:54 am, Sigma Advanced Systems share price was trading at ₹998.80, down 0.65% from the previous closing price. 

Conclusion  

The agreement covers technology transfer, local manufacturing and integration of course-correction systems for 155 mm artillery ammunition to support Indian military programmes.

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