Shares of Apollo Micro Systems Ltd rallied 9% to a day’s high of Rs 326.40 on 12th September after the company announced that its step-down subsidiary had secured a defence technology deal in the United States.

Apollo Micro Systems said its subsidiary, Apollo Strategic Technologies Pvt Ltd (ASTPL), signed an MoU with Dynamic Engineering and Design Inc, USA. This occurred on 10th September 2025 at the DSEI London exhibition. The agreement covers technology transfer, co-development, and potential licensed production of rocket motors for BM-21 Grad ER and non-ER rockets.

The deal is a step toward indigenising propulsion technologies for multi-barrel rocket systems, supporting India’s Make in India defence initiative. Apollo has already developed a 122mm rocket warhead in-house, with trials starting soon and full-scale production expected by mid-2026.

This collaboration will integrate indigenous warheads with domestically produced rocket motors. This makes Apollo Micro Systems one of the few private Indian companies to offer a fully in-house developed rocket system. Moreover, it strengthens India’s role in the global defence supply chain.

At 2:51 PM, the shares of Apollo Micro Systems were trading 8.51% higher at Rs 323.25 on NSE.

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