SIGMA ADVANCED SYSTEMS LIMITED has informed the Exchange regarding a press release dated May 14, 2026, titled "Press Note: "Sigma Advanced Systems Secures Export Order worth USD 11.4 Mn (Approx. INR 107 Cr.) for 90,000 Units of Filled Fuzes for 155 mm Artillery Shells"".
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Sigma Advanced Systems has secured an export order valued at USD 11.4 million (~INR 107 crore) from a North American customer to supply 90,000 units of Point Detonating M557 Filled Fuzes for 155mm artillery shells. The contract has a ten-month delivery window and will be manufactured in-house in India under applicable defense export regulations. This is the company's first direct export engagement of this scale, marking a strategic shift from serving global OEMs for the Indian market to direct international sales relationships. Management highlighted the potential for follow-on contracts from the same customer, building a longer-term pipeline.
This is a meaningful win for Sigma, establishing it as a direct global supplier of precision defense components. The USD-denominated contract provides hard currency revenue visibility over the next ten months and could signal the beginning of a recurring export business, given management's commentary on follow-on order potential.