29 April 2009  Astra Microwave board recommends 25% dividend for FY09
  • Audited consolidated FY09 sales INR 1.18 bln; net profit INR 156.74 mln
  • Orders on hand INR 1.93 bln; executable over next 18 months.
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15 Feb 2009 Astra Microwave at Aero India 2009, Bangalore
  • Stall attaracts 250 Indian, international business visitors
  • Meetings with aerospace electronics manufacturers from US, France, Italy, Spain, Russian, Israel, and Germany
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11 Feb 2009 Bharat Electronics, Astra Microwave sign MoU for joint venture
  • JV to design and produce RF/microwave components and sub-systems for defense, space, and telecommunications.
  • To be to becommon platform for design, development and manufacturing of BEL's microwave intensive products.
  • BEL to hold 49% equity, Astra Microwave 51%.
  • “Partnership with BEL will strengthen Astra’s delivery capabilities and market reach”—B Malla Reddy, Managing Director, Astra Microwave.
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17 Dec 2008 Astra Microwave wins INR 138 mn order from Antrix, India's Department of Space arm
  • To supply and install 500 unmanned automatic weather stations (AWS) by May 2009.
  • Astra Microwave’s total order book now at INR 1.76 billion.
  • Antrix order follows similar INR 255 million order for AWS by the Indian Meteorological Department in August.
  • “Second large AWS order within 4 months a strong vindication of Astra’s technology and delivery capabilities”—B Malla Reddy, Managing Director.
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1 Dec 2008 Astra Microwave wins INR 570 mn order from Israel’s ELTA Systems
  • Astra to supply microwave wireless sub-systems for Indian Air Force's Phalcon AWACS program.
  • Contract effective between November 2008 and mid-2010.
  • Astra’s first contract under offset obligations clause of India’s Defence Procurement Policy.
  • “ELTA contract showcases Astra’s tech ability and scale to build on offset obligations opportunity”: B Malla Reddy, Managing Director.
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31 October 2008 Astra Microwave audited Q2-FY09 net INR 28.3 mn, up 52% YoY
  • Q2-FY09 net sales INR 286.2 mn, up 114% YoY.
  • Orders on hand worth INR 950 million; executable current fiscal.
  • Basic diluted earnings INR 0.52 per INR 2 face-value share vs INR 0.35 yr ago.
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26 Aug 2008 Astra Microwave wins INR 255 million order from Indian Meteorological Department
  • Unmanned automatic weather stations to be installed across 550 India locations.
  • To enable 24X7 live centralized monitoring of multiple weather variables.
  • Order won against global competition.
  • “Brings bleeding edge capability to short-term weather forecasting” —B Malla Reddy, Managing Director
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