Core Announcement – Order Details
Awarding Entity: Ministry of Defence
Domestic/International Order: Domestic
Nature of Order/Contract:
Supply contract for Satellite Smart Anti Airfield Weapons (SAT-SAAW) along with associated equipment for Indian Air Force (IAF). SAT-SAAW is an air-to-ground precision guided glide bomb which can be launched from platforms like Jaguar, Hawk & Su-30 MKI, and has the capability to neutralise enemy airfields from a long stand-off range.
Order Value:
₹810.79 crore (Eight Hundred Ten Crore and Seventy-Nine Lakh Rupees)
Materiality Context:
- Contract signed under Buy (Indian - Indigenously Designed, Developed and Manufactured) category
- Indigenously designed and developed by DRDO
- System has indigenous content of 60%
- Includes indigenisation of sub-systems like Initial Measurement Unit, Long Impact Delay Fuse and Twin Store Carrier
Execution Timeline:
Delivery scheduled between 2027-2028 and 2028-2029 (two-year delivery window)
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
No
Financial Implication:
Not Specified