NIBE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NIBE Limited has secured a significant order from Elbit Systems, Israel's global defense technology firm, to manufacture and supply parts of the 70mm class Guided Advanced Tactical Rocket (GATR), an air-to-surface precision weapon. The GATR offers precision strike up to 10 km, can intercept moving targets up to 100 kmph, and uses semi-active laser guidance, with compatibility for helicopters like AH-64 Apache and HAL Rudra. It carries a 16 kg warhead capable of penetrating up to 200mm of reinforced concrete. This marks the first time India will produce a rocket of this caliber domestically, aligning with the Make in India and Atmanirbhar Bharat initiatives. No specific monetary value of the deal has been disclosed in the filing.
The order strengthens NIBE's position as an emerging international defense partner and supports its growth in indigenous high-end defense manufacturing, though the absence of a disclosed order value limits clarity on the direct financial impact for shareholders.