Astra Microwave gains after JVC ventures into electro optic systems manufacturing

17 Aug 2022 , 12:45 PM

Astra Rafael Comsys, where Astra Microwave and its associates hold 51% stake, will take up development, manufacture, integration, customization and product support of electro optic (EO) systems in addition to its existing business line. Astra Microwave said that the EQ systems are technologically complex high value optical and infrared imaging systems used globally for military and homeland security applications to provide enhanced situational awareness on ground, airborne and sea based platforms. These sensors are used to identify targets, track moving targets, and provide surveillance, navigation and early warning information to our armed forces in challenging battle field environments. The EQ systems are also being used on board UAVs, unmanned platforms and guided munitions to provide wide range of capabilities including range finding, target acquisition, imaging and surveillance. Airborne EQ systems for laser designation & recce applications being used on fighter aircrafts are hitherto being procured via global tenders, can now be manufactured, upgraded and serviced in India by the Astra Rafael JV partnership as part of the Atma Nirbhar initiative. This new product line (EO) will enable JVC to compete in the upcoming EQ systems business of about $600 million in India in the next 5 to 8 years. Astra Microwave Products designs, develops and manufactures customised sub-systems and components for microwave communication systems used in the defence, space and telecommunication sectors. The companys consolidated net profit declined 33.44% to Rs 8.10 crore despite a 25.83% rise in sales to Rs 162.08 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News