Govt Grants Lifetime Arms Manufacturing License to Apollo Micro Systems
APOLLO · price
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Apollo Micro Systems received a lifetime Arms Act license from DPIIT (Ministry of Commerce & Industry) dated 10 April 2026. It authorises manufacture of missiles, ATGMs, torpedoes, aerial bombs, rockets and loitering munitions at two Hyderabad facilities, with annual capacity of 1,000 units per category. The license shifts AMS from a subsystems provider to an end-to-end platform manufacturer. Step-down subsidiary IDL Explosives adds propellant and warhead capabilities.
Major positive — enters high-value strategic defence manufacturing with lifetime licence, expanding addressable market into missiles, bombs and munitions.