Sigma Advanced Systems Ltd has secured an export contract worth $104.9 million (around ₹1,013 crore) for the manufacture and supply of 147,000 extended-range 155mm base bleed artillery shell bodies.
The order has been placed by a North American customer and is scheduled to be executed over the next six to 12 months, according to the company's stock exchange filing dated July 27, 2026.
The contract covers the production of shell bodies used in extended-range artillery ammunition. These projectiles incorporate a gas-generating unit at the base that reduces drag during flight, allowing the shell to travel farther than conventional ammunition.
The company said the design remains compatible with existing 155mm artillery systems used by defence forces in several countries.
This is Sigma's latest order in the artillery ammunition segment after earlier contracts for 155mm fuzes and M107 shell bodies. The company said manufacturing base bleed shells involves additional engineering requirements, including aerodynamics, propulsion-related technologies and systems integration.
The company said the order comes as defence agencies in different regions continue to increase purchases of artillery ammunition and invest in longer-range fire support systems.
Sigma expects the contract to contribute to revenue during the execution period and said it is also likely to support operating margins. The company added that the programme may strengthen its position in export markets.
Sigma Advanced Systems manufactures precision components for the aerospace and defence sectors. Its product portfolio includes avionics, naval systems, radar systems, communication equipment, munitions, aero-engine components and aerostructures.
The company also operates through its UK subsidiary, Nasmyth, which supplies precision-engineered components to international aerospace and defence customers.
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As of July 27, 2026, 2:48 pm, Sigma Advanced Systems Ltd share price was trading at ₹549.15, up 5.00% from the previous closing price.
With an order value of around ₹1,013 crore, the contract marks another export assignment for Sigma Advanced Systems in the artillery ammunition segment. The company expects to complete execution within the next year.
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Published on: Jul 27, 2026, 3:22 PM IST
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