Ronen Nadir (left) with Cyient MD and CEO Krishna Bodanapu (centre)
Hyderabad-based IT services company Cyient has entered into a joint venture with Israel-based BlueBird Aero Systems on Wednesday. As part of the agreement, the joint venture named Cyient Solutions and Systems Private Limited will offer field-proven UAV systems to Indian defence, paramilitary, security, and police forces.
The JV, signed at the DefExpo,and named Cyient Solutions & Systems Private Limited, will have 51 per cent and 49 per cent shareholding by Cyient and BlueBird 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.
The joint venture’s portfolio includes the SpyLite, ThunderB, and MicroB systems that offer highly-innovative UAS technology designed to fulfill covert, real-time intelligence, and tactical mapping-on-demand missions across open areas or crowded urban environments. Cyient Solutions & 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.
Commenting on the announcement, Krishna Bodanapu, chief executive officer and managing director, Cyient, said:
“The joint venture with BlueBird Aero Systems combines our design and manufacturing expertise to bring the best of UAV technology solutions to the Indian defence industry.”
NJ Joseph, MD and CEO, Cyient Solutions & Systems added
“BlueBird’s world-class technology, joined with Cyient’s manufacturing and aftermarket capabilities and local presence, offers exceptional value to the rapidly expanding market for UAV solutions in India.”
Ronen Nadir, founder and CEO, BlueBird Aero Systems said
“We are proud to team with Cyient in this joint venture that enables indigenisation, manufacturing, training, and support of our advanced, field-proven UAV systems in India. Bluebird is pleased to transfer to Cyient Solutions & Systems its latest, innovative technology and know-how to further enhance what we see as a long-term partnership with Cyient for the benefit of the Indian UAV market.”
Source: Press Release