Sigma Advanced Systems Ltd. on Monday announced a seven-year long-term agreement with UK aerospace giant Rolls-Royce Holdings Plc. for the supply of a wide portfolio of high-precision-engineered, safety-critical components and assemblies for its aerospace programmes. The contract is valued at nearly 300 million pound sterling or roughly Rs 3,800 crore, according to a statement.
"This is a programme-level partnership delivered through the company's manufacturing network across India and the UK, reflecting how the company is increasingly operating as an integrated global platform rather than a location-specific supplier," Sigma said. The deal provides the company with a long-term revenue stream through a long-term order pipeline and stronger visibility over future growth.
Sigma is among the largest India-headquartered manufacturers of aero-engine and aerostructure components. The Rolls-Royce deal will give it proximity, engineering collaboration, and programme alignment in the UK and allow transition from a system player to a more integrated manufacturing partner capable of handling larger work packages.
Rolls-Royce manufactures aero engines for civilian as well as military transport and patrol aircraft. The company is working with India's Defence Research and Development Organisation (DRDO) on the UK-India Jet Engine Advance Core Technologies (JEACT) programme to advance an indigenous combat engine design.
Sigma Advanced Systems Share Price
Shares of Sigma Advanced Systems soared nearly 5% to hit the upper band of Rs 248.55 on the BSE, compared to a 0.7% rise in the benchmark Sensex. The total market cap stood at Rs 4,380 crore.
The stock has more than tripled in value in the last 12 months. It is up over 30% year-to-date.
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