Defence Stock Announces US-Deal To Enhance India’s Position In Global Rocket Systems Market

Apollo Strategic Technologies Private Limited (ASTPL), a step-down subsidiary of Apollo Micro Systems (AMS) and a subsidiary of Apollo Defence Industries Private Limited (ADIPL), has signed a Memorandum of Understanding (MoU) with Dynamic Engineering and Design Incorporation-United States of America on September 10, 2025, for the transfer of technology, codevelopment, and possible licensed production of Rocket Motors for BM-21 Grad ER and Non-ER Rockets at DSEI London.

Under the Make in India initiative, this Memorandum of Understanding is a strategic move toward improving self-reliance in key defence systems and indigenizing propulsion technology for multibarrel rocket systems. The MoU seeks to establish an environment for co-production in India that facilitates the full-scale domestic manufacture of rocket motors and complete rocket systems.

The BM-21 system and other multi-barrel rocket launchers (MBRL) employ the Grad Rocket, a 122 mm artillery rocket. Because of its 40-kilometer range and rapid-fire capacity, it is frequently used for area saturation and suppression operations. Many nations deploy Grad rockets, which have been shown to be successful in combat situations.

The Apollo Group is currently preparing to begin immediate testing and further establish full-scale manufacturing by mid-2026 after successfully developing the 122mm rocket warhead in-house. Apollo will be able to integrate Indian-made rocket motors and warheads thanks to this strategic partnership, which will be a major turning point for India's private defence manufacturing industry.

"The BM-21 Grad rockets remain among the most widely demanded unguided rockets in the global defence market. With this initiative, Apollo Group will emerge as one of the private companies in India to offer a fully in-house developed rocket system, of this calibre strengthening India's position in the global defence supply chain and contributing to the Government of India's vision of self-reliance in defence production," said Apollo Micro Systems (AMS) in a stock exchange filing.

After the announcement, AMS's shares rose 7.98% intraday on Friday, September 12th, hitting a 52-week high of Rs 321.60. The shares of Apollo Micro Systems were up 4.68% at Rs 311.80 on the BSE at the time the article was written. The company's market value was Rs 10,392.87 Cr.

From its 52-week low of Rs 88.10 on October 23, 2024, to reaching a new 52-week high of Rs 321.60 on September 12, 2025, the stock has demonstrated an impressive performance over the last year. Robust investor confidence and strong counter momentum are shown by this notable 265% recovery from its low level, which has resulted in a substantial rise in value for the shareholders.