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Cyient and Bluebird Aero Systems form JV to manufacture UAV systems

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Capital Market

For supply to Indian defence, paramilitary, security, and police forces

Cyient and Israel-based BlueBird Aero Systems, a leader in design, development, and production of micro, mini, and small tactical Unmanned Aerial Systems (UAS) on 11 April 2018 announced they have entered into a joint venture to offer field-proven UAV systems to Indian defence, paramilitary, security, and police forces. The joint venture, named Cyient Solutions & Systems, has 51 % and 49% shareholding by Cyient and Blue Bird respectively.

Cyient Solutions & Systems will indigenize, manufacture, assemble, integrate, and test advanced UAV systems at its production facilities in Hyderabad by leveraging Bluebird's technology and manufacturing know-how. Cyient Solutions & Systems, supported by BlueBird, will also provide comprehensive aftermarket services, including spares, repairs, maintenance, and support to end users across India.

 

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First Published: Apr 11 2018 | 2:09 PM IST

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