Pi­ra­mal En­ter­prises picks up 27 per cent stake in Blue­bird Aero Sys­tems

SP's MAI - - UNMANNED -

Pi­ra­mal En­ter­prises, of the Ajay Pi­ra­mal-led group, joins the list of In­dian com­pa­nies that see a grow­ing op­por­tu­nity in the de­fence sec­tor. It has picked up a 27.83 per cent stake in Blue­bird Aero Sys­tems, an Is­rael-based un­manned air sys­tems man­u­fac­turer, for about ` 40 crore ($7.2 mil­lion). Blue­bird is set to bid for con­tracts in In­dia.

Pi­ra­mal’s deal with Blue­bird Aero Sys­tems is con­sid­ered unique as the com­pany is an ini­tia­tive of for­mer en­gi­neers of the Is­rael De­fence Forces. Blue­bird has an agree­ment with Ban­ga­lore’s Dy­na­matic Tech­nolo­gies for man­u­fac­tur­ing and mar­ket­ing mini and mi­cro tac­ti­cal, un­manned aerial ve­hi­cles in In­dia.

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