Apollo Micro Systems wins Make-II Navy order for SAVIOR-ASW vessel
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Micro Systems has received a Make-II Prototype Sanction Order from the Indian Navy to develop SAVIOR-ASW, an unmanned semi-submersible vessel for anti-submarine warfare surveillance. Under India's Defence Acquisition Procedure, the Navy funds prototype development and commits to procuring successful prototypes at scale. No contract value was disclosed. AMS estimates the global autonomous maritime systems market at 10 billion dollars by 2032. The order marks AMS entry into the autonomous maritime warfare domain, building on its prior work with DRDO.
Positive sentiment; opens a new high-growth defence segment for AMS, though no contract value disclosed and revenue depends on successful prototype development.