India TV

Defence stock in focus as firm receives transfer of tech for precision-guidance system, check share price

Shares of the Hyderabad-based defence and aerospace technology company Apollo Micro Systemswill be on investors' radar as the company has informed exchanges that it has received the Transfer of Technology (ToT) for the Semi-Active Laser Homing System (SALHS), which is a precision-guidance system designed to provide in-flight guidance to munitions towards a laser-designated target. It is an important development as the Ministry of Defence has already granted the Acceptance of Necessity (AoN) for the Multi Influence Ground Mine (MIGM) - Vighana.The development solidifies the company's transition into a Tier-I Original Equipment Design Cum Manufacturer (OEDM).