Apollo Micro Systems Ltd emerges L1 for order from Controllerate of Naval Armanent

Apollo Micro Systems Ltd has been declared as L1 for the order from Controllerate of Naval Armanent (OF) for a value of Rs. 5.73 Crores.

This project involves the development of a Rocket Guided Bomb for Anti-Submarine Warfare, capable of being fired from ships in salvos. This achievement marks our entry into the complete development and manufacturing of Rocket Guided Bombs, paving the way for similar weapon systems for air, land, and sea applications.

Our company has a proven track record in delivering underwater warfare products, such as Expendable Decoys, which are already in production and inducted into the Indian Navy. We have also developed Underwater Mines, with technical trials successfully completed and user trials scheduled to begin soon.

This project will further solidify our position in the Underwater Warfare Systems domain. Our extensive experience in developing systems for various weapons now extends to the complete development of a weapon, in alignment with Country's vision of Atmanirbhar Bharat. We are wellequipped with the necessary building blocks to develop and configure this Rocket Guided Bomb. Our company has been working on Underwater warfare for past several decades and building a complete Rocket will be one more contribution to Indian Armed Forces.

Source : Equity Bulls

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ApolloMicroSystems OrderWin L1 OF