Apollo Micro Systems Awarded Prestigious Make II Project by Indian Army
Apollo Micro Systems secures its first Make II project with the Indian Army, involving the advanced Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under DAP-2020 to be completed over 85 weeks.
by Damodharan N
Updated Jul 13, 2024
Table of Content
Apollo Micro Systems Limited has announced its selection for a significant Make II project by the Indian Army. The project entails the procurement of a state-of-the-art Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020.
This marks a milestone as the company's first Make II project, underscoring its capability and innovation in defense technology. Notably, the project incurs no cost obligation for Apollo Micro Systems, highlighting its strategic importance and futuristic nature.
The contract, awarded by the Directorate General of AAD, IHQ of MOD (Army), is set to be executed over 85 weeks, including single-stage composite trials and staff evaluation.
Get the official announcement Here
Market Reaction
Apollo Micro Systems has garnered attention in the market following its recent achievement of securing a prestigious Make II project. The company's stock, which closed at Rs. 105.25 on July 11, 2024, saw a slight increase to Rs. 104.54 on July 12, 2024.
This development underscores investor interest in the company's future growth prospects, particularly in defense and aerospace sectors. The project award highlights Apollo Micro Systems' capabilities and potential for further expansion in these critical industries.
Analysts anticipate continued market interest as the company moves forward with its strategic initiatives in defense technology.
Get the Share price on NSE Here
Apollo Micro Systems
Apollo Micro Systems, established in 1985, specializes in designing, developing, and assembling custom-built electronics and electro-mechanical solutions. With a strong focus on aerospace, defense, and space sectors, Apollo Micro Systems also caters to railways, automotive, and homeland security markets.
The company's core strengths lie in its end-to-end capabilities, encompassing design, assembly, and testing, supported by an in-house R&D center certified by CEMILAC for airworthiness systems development.
Apollo Micro Systems is recognized as a collaborative R&D partner by Bharat Electronics Limited, reflecting its commitment to innovation and technological advancement across various sectors.
Apollo Micro Systems Awarded Prestigious Make II Project by Indian Army - FAQs
1. What project did Apollo Micro Systems secure?
Apollo Micro Systems secured the Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020 from the Indian Army.
2. What is the significance of this project for Apollo Micro Systems?
This marks Apollo Micro Systems' first Make II project, showcasing its capability and innovation in defense technology.
3. Who awarded the contract to Apollo Micro Systems?
The contract was awarded by the Directorate General of AAD, IHQ of MOD (Army).
4. What is the duration of the contract?
The contract is set to be executed over 85 weeks, including single-stage composite trials and staff evaluation.
5. Does this project involve any cost obligation for Apollo Micro Systems?
No, the project incurs no cost obligation for Apollo Micro Systems.
6. What sectors does Apollo Micro Systems primarily focus on?
Apollo Micro Systems focuses primarily on aerospace, defense, and space sectors.
7. What are Apollo Micro Systems' core strengths?
Their core strengths include designing, developing, and assembling custom-built electronics and electro-mechanical solutions.
8. Is Apollo Micro Systems certified for airworthiness systems development?
Yes, they have an in-house R&D center certified by CEMILAC for airworthiness systems development.
9. Who recognizes Apollo Micro Systems as a collaborative R&D partner?
Bharat Electronics Limited recognizes Apollo Micro Systems as a collaborative R&D partner.
10. What is the expected market reaction to Apollo Micro Systems' recent achievement?
Analysts anticipate continued market interest and potential growth in Apollo Micro Systems' stock due to this strategic initiative in defense technology.