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Sigma Advanced Systems Secures $22 Million Export Order for Artillery Shell Bodies

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Sigma Advanced Systems (NSE:SIGMAADV, BOM:532408) has received an export order worth around $22 million for the supply of 40,000 units of 155 mm M107 artillery shell bodies to a North American customer, according to a Monday filing on Indian bourses.

The contract is scheduled for execution within six months, with production and deliveries to be completed in the same period, the filing said.

The scope covers the manufacturing of artillery shell bodies, an important structural component of ammunition, it added.

The company said it has received export authorization from the Ministry of Defense.

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