Sigma Advanced Systems Wins ₹208 Crore Export Contract; Shares Fall 4.04%

Mumbai, June 8: Sigma Advanced Systems has secured an export contract worth nearly ₹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 company disclosed the development through a press note submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the company, the contract is valued at about US$21.97 million and will be executed over a six-month period. Production and deliveries are expected to be completed within this timeline.

Sigma Advanced said the order marks a strategic expansion in its munitions manufacturing capabilities. The company added that the required export authorisation from the Department of Defence Production (DDP), Ministry of Defence, has already been obtained.

Stock Market Snapshot

Despite the export order announcement, Sigma Advanced Systems shares remained under pressure during the morning session on June 8, 2026.

As of 9:44 am IST, the stock was trading at ₹418.20 on the NSE, down 4.04% or ₹17.60 compared to the previous close of ₹435.80.

The Sigma Advanced Systems share price saw volatility in early trade as investors reacted to broader market weakness even after the defence manufacturing order disclosure.

Order Expands Defence Manufacturing Presence

The company said the project involves production of 155 mm artillery shell bodies, which form a key structural component used in artillery ammunition systems.

Sigma Advanced noted that manufacturing such components requires specialised expertise in metallurgy, machining, forging, heat treatment and quality assurance processes.

The company also stated that the order strengthens its position as a trusted international manufacturing partner in the defence sector. It believes rising global demand for artillery ammunition is creating long-term opportunities for Indian defence manufacturers with precision engineering capabilities.

About Sigma Advanced Systems

Sigma Advanced Systems operates in aerospace and defence manufacturing with operations across India and the UK. The company focuses on aero-engine components, aerostructures and high-precision defence systems manufacturing.

The company works with global aerospace and defence OEMs through long-term manufacturing agreements and engineering partnerships. It has been expanding its international presence while increasing investments in advanced manufacturing technologies and defence production capabilities.

Conclusion

The export contract represents a significant defence manufacturing order for Sigma Advanced Systems and adds to the company’s international order pipeline.

While the stock traded lower in the opening session, the contract highlights the growing role of Indian companies in global defence supply chains and ammunition manufacturing programmes.

Source:

• https://www.nseindia.com/get-quote/equity/SIGMAADV/SIGMA-ADVANCED-SYSTEMS-LIMITED
• https://nsearchives.nseindia.com/corporate/MEGASOFT_08062026075552_SASL-Disclosure_Reg_30_-_20260608-signed.pdf