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MoU signed to produce UAV systems for defence forces

IANS  |  Chennai/Hyderabad 

Cyient, a Hyderabad-based company, and Israel-based Aero Systems entered into a joint venture on Wednesday to offer field-proven unmanned aerial vehilce (UAV) systems to Indian defence, paramilitary, security and police forces.

A release said on Wednesday that the joint venture, named Solutions and Systems Private Limited, has 51 per cent and 49 per cent shareholding by and respectively.

and signed the joint venture agreement at the DefExpo 2018 in Chennai. The event was attended by stakeholders from both companies and industry representatives from and

The release said that Solutions and Systems will indigenise, manufacture, assemble, integrate and test advanced UAV systems at its production facilities in by leveraging BlueBird's technology and know-how.

Solutions and Systems, supported by BlueBird, will also provide comprehensive including spares.

The release said the joint venture's portfolio includes SpyLite, ThunderB, and MicroB systems that offer "highly-innovative designed to fulfill covert, real-time intelligence, and tactical mapping-on-demand missions across open areas or crowded urban environments."

Solutions and Systems recently conducted field trials in that successfully demonstrated the SpyLite's outstanding performance in a tactical surveillance role at high altitude and in extreme weather conditions.

Commenting on the announcement, Krishna Bodanapu, Chief Executive Officer and Managing Director, Cyient, said the joint venture underlines the commitment of both partners to the government's Make in initiative.

While provides engineering, manufacturing, geospatial, networks, and to global industry leaders, specialises in design, development and production of micro, mini and and

has 14,000 employees across 21 countries.

--IANS

ps/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 16:08 IST
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