Astra Microwave Products has signed a License-Cum-Transfer of Technology (ToT) agreement with NewSpace India Limited (NSIL) and Indian National Space Promotion and Authorization Centre (IN-SPACe) to utilize the knowledge and technology related to MiniSAR: X band Airborne SAR. The ToT agreement aims to enhance Astra Microwave Product's portfolio of radars.
Astra Microwave Products designs and manufactures high-value-added RF and microwave super components and sub-systems that find application in defence, space, and civil communication systems.
On a consolidated basis, Astra Microwave Products reported net loss of Rs 6.74 crore in Q1 June 2023 as against net profit of Rs 8.10 crore in Q1 June 2022. Net sales declined 17.49% YoY to Rs 133.73 crore in Q1 June 2023.