Sunita Tools receives first advance payment tranche for 155mm artillery shells order
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Sunita Tools has received the first tranche of advance payment from its customer under an Interim Sales Agreement for NATO spec and standard 155mm M107 artillery shells. The company says the payment has been credited to its bank account and that the second and third tranches are expected shortly. No order value or customer name has been disclosed. The firm, which has 40 plus years in engineering and mould bases, is expanding into defence supplies.
Positive signal as advance payment confirms order execution is underway, though order size and customer identity remain undisclosed.