India-Israel joint venture to boost UAV capabilities
The joint venture, named Cyient Solutions and Systems Private Limited, has 51 per cent and 49 percent shareholding by Cyient and BlueBird.
Chennai: To offer field-proven UAV (unmanned aerial vehicle) systems to Indian defence, paramilitary, security and police forces, the Indian based Cyient and Israel based BlueBird Aero Systems entered into a joint venture on Wednesday at the DefExpo.
The joint venture, named Cyient Solutions and Systems Private Limited, has 51 per cent and 49 percent shareholding by Cyient and BlueBird.
Cyient Solutions and 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.
The joint venture will also provide comprehensive aftermarket services, including spares, repairs, maintenance, and support to end users across India.
Cyient Solutions and Systems recently conducted field trials in India that successfully demonstrated the SpyLite's outstanding performance in a tactical surveillance role at high altitude and in extreme weather conditions.
“The joint venture also underlines the commitment of both partners to government's Make in India initiative,” said Krishna Bodanapu, chief executive officer and managing director, Cyient.