APOLLONSEAPOLLO MICRO SYSTEMS LTDHighPositive
Announced Tue, 28 Jul · 12:15 IST

Awarded Make-II Prototype Sanction Order by Indian Air Force

Govt Defence OrderBusiness Updates View source PDF

APOLLO · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Apollo Micro Systems has been awarded a Make-II Prototype Sanction Order by the Indian Air Force for developing the IPREK guidance kit. This converts existing 500 Kg bombs into precision standoff weapons usable from 80-100 km away with 3 metre accuracy. Uses indigenous NavIC satellite navigation. No government cost during prototype phase, but procurement is committed upon successful demonstration. Marks AMS entry into precision guided munitions as a Prime OEM.

Likely market impact

Positive milestone - entry into high-barrier defence segment with potential follow-on procurement after prototype success