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Sigma Advanced Systems Secures 300 Million Pound Sterling Contract from Rolls-Royce; Shares Up 5%

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-- Sigma Advanced Systems (NSE:SIGMAADV, BOM:532408) has entered into a seven-year long-term agreement worth nearly 300 million pounds sterling from Rolls-Royce, according to a Monday filing to the Indian stock exchanges.

Under the pact, Sigma Advanced will supply high-precision-engineered, safety-critical components and assemblies for Rolls-Royce's aerospace programs.

The partnership will provide the company with multi-year revenue visibility through a long-term order pipeline.

The company's shares were up 5% in recent trade.

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