NIBE Limited (NIBE)
Press Release
NIBE Limited signed a contract with Indian Army for supply of “Vayuastra” loitering munition system under Fast Track Procurement route.
- NIBE awarded L2 vendor share valued at ₹563.35 crore
- Contract marks milestone in NIBE's loitering munitions program
- Supports Atmanirbhar Bharat and Make in India initiatives
- Vayuastra is man-portable, precision-guided with minimal collateral impact
- Deliveries to commence as per contractual schedule
Source: Original filing PDF
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