ASTRA SPACE A DL-,0001

Astra Microwave recorded a record order book of 4,300 crores INR following the Uttam radar order and raised its revenue forecast for GJ2027 to 1,350 crores INR (up 15–20%). The company reported Q1 revenue of 182 crores INR but cited timing delays in testing and deliveries that slowed execution. Interest costs fell sharply, operating cash flow is positive, and management expects further growth opportunities in defense, space and meteorology. The space and meteorology business is to be spun off and is expected to generate more than 300 crores INR in revenue in the first year with a PBT margin of 18–20%; the stock reacted slightly negatively, most recently down 1.4%. » More on de.investing.com

Baden-based Herrenknecht is delivering the massive tunnel boring machines Alessandra and Paulina for the construction of the second Gotthard road tunnel tube; Alessandra is making good progress from the north, while Paulina is encountering disturbance zones in the south that must be conventionally blasted. The Federal Roads Office (Astra) is sticking to a breakthrough in 2027 and total costs of 2.14 billion francs, with the additional expense from the disturbance estimated at 15–20 million francs. The project is praised as a technical milestone and is based on precise planning and broad societal legitimacy in Switzerland. » More on faz.net