NIBE Limited has informed the Exchange regarding a press release dated August 02, 2025, titled "NIBE Limited Secures Major Order from Elbit Systems for 70mm Guided Advanced Tactical Rocket".
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Awaiting price reaction for this filing.
NIBE Limited has won a significant order from Israel's Elbit Systems to manufacture and supply parts of 70mm Guided Advanced Tactical Rockets (GATR). The GATR is a precision air-to-surface rocket with a strike range of up to 10 km, semi-active laser guidance, a 16 kg warhead, and compatibility with helicopters like the AH-64 Apache and HAL Rudra. This marks the first time India will produce a sophisticated rocket of this caliber. NIBE will handle acquisition, localized production, and platform integration for the Indian Armed Forces and global allies. The specific order value has not been disclosed in the filing.
Positive for shareholders — this international defence order strengthens NIBE's export profile, aligns with the Make in India initiative, and positions the company as an emerging global defence supplier. However, with no order value disclosed, the financial impact on near-term revenue remains unclear.