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Apollo Micro Systems Ltd. ( (IN:APOLLO) ) just unveiled an announcement.
Apollo Micro Systems Ltd. has received a lifetime arms manufacturing licence from the Government of India’s Department for Promotion of Industry and Internal Trade, authorising it to produce, assemble, integrate and proof-test a range of high-calibre munitions. The licence covers missiles, anti-tank guided missiles, torpedoes, underwater mines, safety arming mechanisms, chaffs, flares, decoys, aerial bombs, rockets and loitering munitions.
Commercial manufacturing and testing will be carried out at two existing Apollo facilities in Hyderabad’s Hardware Park and IDA Mallapur industrial areas. Management says the approval will fundamentally reshape the company’s revenue model and strategic position by elevating it from a provider of embedded subsystems to an end-to-end manufacturer of complete weapon systems in India’s high-value defence market.
More about Apollo Micro Systems Ltd.
Apollo Micro Systems Ltd., based in Hyderabad, operates in the defence and aerospace sector, historically focusing on embedded systems and subsystems for strategic applications. The company serves high-value defence programs and is now expanding its capabilities from component-level solutions to full weapon system platforms, aligning with India’s broader push for indigenous defence manufacturing and self-reliance.
Average Trading Volume: 319,048
Technical Sentiment Signal: Hold
Current Market Cap: 84.16B INR
For a thorough assessment of APOLLO stock, go to TipRanks’ Stock Analysis page.