Apollo Micro Systems empanelled by IAF for IPREK precision weapons programme
APOLLO · price
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Awaiting price reaction for this filing.
Apollo Micro Systems has been empanelled by the Indian Air Force as a Prime Development Agency for the IPREK programme. IPREK converts existing 500kg unguided bombs into precision guided weapons with 80-100 km range and 3-metre accuracy. Initial procurement covers 500+ units. AMS enters India's high-value precision guided munition segment, estimated at over 20,000 Crore import substitution opportunity over 10 years. Important note: empanelment is not a firm order. Revenue accrues only upon formal Project Sanction Order.
Strong positive sentiment on a major defence milestone, but no firm commercial order yet, so revenue impact is not immediate.