Multibagger defence stock Apollo Micro Systems share price rises 3% after this license approval by GoI. Details here

Key Highlights

• Apollo Micro Systems said the approval is a prerequisite for participating in both present and future manufacturing opportunities with the MoD.
• The DPIIT license covers three major categories of defence equipment: Unmanned Helicopters (UAS), Inertial Navigation Systems, and integrated Radar Systems.
• According to the filing, the approval will remain valid for 15 years from the date of issue, providing long-term regulatory clarity for the company’s defence expansion plans.
• Apollo Micro Systems noted that it is already developing multiple UAS platforms and is working closely with domestic and international partners to build logistics-focused UAVs as well as offensive and attack-class unmanned systems.
• The company expects these systems to move into field trials over the next two quarters.