Sigma Advanced Systems has secured a significant export contract valued at ₹208 crore (US$21.97 million) for manufacturing and supplying artillery shell bodies to a North American client. According to the company's BSE filing, the defence firm will manufacture and supply 40,000 units of 155 mm M107 artillery shell bodies as part of this substantial contract. The order will be executed over six months, with production and deliveries scheduled for completion within that timeframe. This development positions the company to strengthen its presence in the international defence market through this strategic North American partnership.
The contract marks a significant expansion of Sigma's capabilities in the defence sector, as the company is known primarily as a manufacturer of fuzes. This represents a major diversification into complete artillery shell components, broadening its presence in the global munitions market. The project involves manufacturing 155 mm artillery shell bodies, the primary structural component of artillery ammunition, which requires advanced metallurgical expertise, precision machining, heat treatment and stringent quality control processes. The company obtained the required export authorisation from the Department of Defence Production under the Ministry of Defence.
The 155 mm calibre is widely used across NATO and allied artillery platforms and remains the global standard for modern artillery systems. Demand for artillery ammunition has risen sharply in recent years amid geopolitical conflicts and increased military modernisation programmes worldwide, creating opportunities for defence manufacturers capable of supplying critical components at scale. As per Business Standard, this contract strengthens India's growing position in the global defence manufacturing supply chain and could open up future opportunities in ammunition manufacturing and related defence programmes.
Commenting on the order, Sunil Kalidindi, Chief Executive Officer and Executive Director of Sigma Advanced Systems, said the contract reflected the confidence international customers place in India's defence manufacturing ecosystem. "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," he stated. The engagement further strengthens the company's credentials as an international manufacturing partner for the defence industry, with the Hyderabad-based Sigma Advanced Systems operating manufacturing facilities in India, the United Kingdom and expanding its presence in the United States.
Sigma Advanced Systems shares closed 5% lower at ₹435.80 on Friday, compared to the previous close of ₹458.70, as reported by NSE data. Despite the recent decline, the stock has demonstrated exceptional long-term performance with over 3,372% returns in the last five years and over 12,99% gains in the last three years. The company's stock has gained 120% so far in 2026 and 34% in the past one-month period, with shares trading 2.2% higher over the last five trading sessions on NSE. The company's market capitalisation stood at ₹2,343 crore as of the stock market close on Friday, June 5, 2026, with shares hitting their 52-week high of ₹467.80 on Friday, June 5, 2026.
