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Sigma Advanced Systems has been awarded an export contract valued at US$21.97 Mn (nearly Rs 208 crore) for the manufacture and supply of 40,000 units of 155 mm M107 artillery shell bodies to a customer in North America.
The contract will be executed over a six-month period, with production and deliveries scheduled for completion within this timeframe. This new order marks a strategic expansion in munitions capabilities for Sigma, moving from a fuze manufacturer to a complete artillery shell component production manufacturer. This dual capability highlights Sigma Advanced Systems' evolution into a comprehensive global defence munitions partner with end-to-end engineering and precision manufacturing expertise.
Commenting on the announcement, Sunil Kalidindi, CEO & Executive Director, Sigma Advanced Systems, said, 'This contract reflects the confidence international customers place in India's defence manufacturing ecosystem and in Sigma's ability to deliver complex, high-precision products at scale. Manufacturing artillery shell bodies requires deep expertise in metallurgy, precision engineering, process control, and quality assurance. This order strengthens our position within the global defence supply chain and demonstrates our ability to support international customers with world-class manufacturing capabilities from India.'
The contract will be executed over six months, with production and deliveries scheduled to be completed within the period. The order marks a strategic expansion for the company in the munitions space, transitioning from a fuze manufacturer to a full-scale artillery shell component producer.
According to the company, the development strengthens its position as a comprehensive global defence manufacturing partner with end-to-end engineering and precision production capabilities.
The project involves the production of 155 mm artillery shell bodies, a critical structural component of ammunition requiring advanced metallurgical expertise, precision machining, heat treatment, and stringent quality assurance processes. Sigma has obtained the necessary export authorisation from the Department of Defence Production (DDP), Ministry of Defence.
The company said the scale of the order underscores its ability to execute high-volume, mission-critical defence manufacturing programmes for global clients.
The 155 mm artillery calibre is widely used across NATO and allied defence systems and continues to see sustained global demand for ammunition and related components.
The contract represents an important milestone in Sigma Advanced Systems’ continued expansion into global defence markets. While the company has built long-standing relationships with leading global aerospace and defence OEMs, this engagement further strengthens its credentials as a trusted international manufacturing partner in the defence sector.
The order also reflects a broader shift in global supply chains, with international customers increasingly seeking reliable, high-quality manufacturing partners capable of delivering critical defence products at scale. Sigma believes this engagement creates a strong foundation for future opportunities in ammunition manufacturing and related defence programmes.
On its outlook, Sigma Advanced Systems said that with production anchored in India and participation in international defence programmes continuing to grow, the company remains focused on expanding its global footprint while contributing to India’s emergence as a major defence manufacturing hub. The company continues to invest in advanced manufacturing technologies, engineering capabilities, and quality systems to meet the evolving requirements of global defence and aerospace customers.
Sigma Microsystems is engaged in providing Embedded system solutions, with hardware and software, backed by its sound expertise in microprocessors, digital signal processors, VLSI designs and real-time systems. The company offers embedded modules and sub-stations, test benches and ATE, embedded boards, bus based boards and other related products.
The company’s consolidated net profit soared 1,400.7% to Rs 129.81 crore in Q4 FY26 as against Rs 8.65 crore in Q4 FY25. Revenue from operations surged 469% to Rs 322.82 crore in Q4 FY26 as against Rs 56.73 crore in Q4 FY25.
The scrip fell 3.41% to Rs 421 on the BSE.
For the full year,net profit reported to Rs 268.04 crore in the year ended March 2026 as against net loss of Rs 13.98 crore during the previous year ended March 2025. Sales rose 358.16% to Rs 491.88 crore in the year ended March 2026 as against Rs 107.36 crore during the previous year ended March 2025.
The contract is to be executed over a ten-month period, with deliveries scheduled for completion within this timeframe. This order marks a significant step in the company's evolution as it deepens its presence in the global defense manufacturing ecosystem.
Sigma Advanced System has signed a seven-year long-term agreement with Rolls-Royce, marking a steady step forward in its global aerospace journey. The agreement represents a deepening strategic relationship with one of the world's largest and most respected aerospace OEMs, placing the company at the heart of critical global engineering programs.
The contract is valued at nearly £300 million (i.e., roughly Rs 3800 crore), providing the company with a long-term revenue stream and stronger visibility over future growth.
Under the agreement, Sigma Advanced Systems will supply a wide portfolio of high-precision-engineered, safety-critical components and assemblies for Rolls-Royce's aerospace programs. This is a program-level partnership delivered through the company's manufacturing network across India and the UK, reflecting how the company is increasingly operating as an integrated global platform rather than a location-specific supplier.
At its core, the partnership builds on an existing relationship and signals continued confidence in Sigma Advanced Systems' ability to operate as a globally integrated manufacturing platform. Leveraging its India-UK dual source model, the company brings together cost-efficient scale in India. With proximity, engineering collaboration, and program alignment in the UK, the company cements its transition from a system player to a more integrated manufacturing partner capable of handling larger work packages.