Astra Microwave Products has announced that its joint venture, Astra Rafael Comsys Private Limited, has secured a significant order worth ₹275.27 crore from the Indian Air Force (IAF). The joint venture, formed between Astra Microwave Products and Rafael Advanced Defense Systems Ltd of Israel, will execute this contract for integration and installation of software in aircraft.

Order Specifications

The comprehensive order encompasses multiple components for the Indian Air Force's aircraft modernization program. The contract includes integration of software defined radio (SDR) on MiG-29 aircraft, installation of network centric application (NCO) on MiG-29s, and procurement of 24 SDRs for the light combat aircraft (LCA) Mk-1A.

Contract Details

The order, awarded by the domestic defence entity, is scheduled for completion within 12 months. Astra Microwave Products has clarified that this is not a related party transaction, with neither promoters nor promoter groups having any interest in the IAF. The company will receive its portion of the business through the joint venture arrangement.

Market Impact

This contract represents a significant development for Astra Rafael Comsys, highlighting the growing domestic defence collaborations in software-defined and network-centric applications for Indian military aircraft. The order is expected to strengthen the company's portfolio in aerospace and defence electronics, particularly in avionics integration and mission-critical communication systems.

Stock Performance

Following the announcement, Astra Microwave Products Limited shares rose to ₹1,005.20 on the NSE, gaining ₹17.50 or 1.77%. This positive market response reflects investor confidence in the company's defence sector capabilities and joint venture strategy.

Astra Microwave Products has announced its revenue expectations for FY27, setting a target range between ₹1400.00 and ₹1500.00 crores. This guidance provides insight into the company's projected business performance in the aerospace and defence sector.

Revenue Projection Details

The company's revenue expectations for FY27 are outlined in the following table:

Business Outlook

The revenue guidance of ₹1400.00 to ₹1500.00 crores for FY27 reflects the company's business projections and market expectations. This target range provides stakeholders with visibility into the company's anticipated financial performance in the aerospace and defence segment.

The announcement of specific revenue expectations demonstrates the company's strategic planning approach and provides a framework for evaluating future business performance against stated objectives.