Apollo Micro secures major export order worth 113.81 crores for Avionic System development
Apollo Micro Systems Limited, a leading provider of high-performance electronic solutions for aerospace and defense, has secured a prestigious export order valued at USD 13,366,500 (approximately INR 113.81 crores). The contract involves the development of an advanced avionic system tailored for both civil and military aircraft applications.
In the excahgne filimg, the copmany shared, 'Apollo Micro Systems Limited, in the ordinary course of its business, has received an export order valued at USD 13,366,500 (equivalent to approximately INR 113.81 crores) for Development of an Avionic System.'
This strategic win underscores Apollo Micro Systems' growing global presence and trusted capabilities in the field of cutting-edge aerospace technology. The company's core expertise in mission-critical electronics has been instrumental in securing this high-value international project.
Due to the sensitive nature of the assignment, detailed technical specifications and program information remain confidential under a strict Non-Disclosure Agreement (NDA) with the client. However, the order is expected to significantly boost the company's export portfolio and reaffirm its position as a key player in the global avionics market.
In the meantime, Apollo Micro Systems shares surged today, opening at ₹157.00 and, as the time of writing, reached a new 52-week high of ₹161.23. The stock showed strength with a low of ₹155.55, reflecting investor confidence. This rally marks a significant rise from its 52-week low of ₹87.99.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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