Apollo Micro Systems Acquires Premier Explosives, Secures Navy Contract

Apollo Micro Systems Ltd (AMS) has issued a letter to its shareholders detailing significant strategic developments. The company highlights the acquisition of Premier Explosives, viewing it as a merger of two entities with complementary strengths in India's defence ecosystem. This move is aimed at enhancing AMS's capabilities and contributing to India's self-reliance in defence manufacturing. Additionally, AMS has achieved a major milestone with the Indian Navy's Make-II Prototype Sanction Order for the SAVIOR-ASW autonomous anti-submarine warfare platform. Other key achievements include empanelment by the Indian Air Force as a Prime Development Agency for the IPREK program and the successful handover of an indigenously developed Safety & Detonation Device (SDD) to the Indian Navy. These developments underscore AMS's commitment to indigenous innovation and strengthening its position in the defence sector.