Press Release for a Major LOI From NATO Country.
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Awaiting price reaction for this filing.
Sunita Tools Limited has received a Major Letter of Intent (LOI) from a NATO country to supply 1,00,000 empty artillery shells of 155mm M107 calibre. The order is classified in the 'Major' category valued between ₹200–300 crore. Supplies will begin at 10,000 pieces per batch starting Q3 2026 and run until order completion. The End-User Certificate will be issued directly by the Ministry of Defence of the NATO country. This order is in addition to a prior LOI announced on March 21, 2025, and gives the company a clear business visibility until the end of 2028. Sunita Tools, traditionally an engineering and mould base manufacturer with 36 years of experience, has been expanding into defence and aerospace manufacturing.
This is a significant order for a company that recently diversified into defence manufacturing, providing multi-year revenue visibility and positioning it as a credible defence exporter. Positive for the stock as it strengthens the order book and validates the defence segment, though execution risk remains as deliveries only start in Q3 2026.