Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) and India's Alpha Design Technologies have signed a teaming agreement for the production and marketing of mini-Unmanned Aerial Vehicle Systems in India.
The IAI-Alpha cooperation includes IAI's Bird-Eye 400 and Bird-Eye 650 mini UAVs as well as other mini-unmanned aerial systems, to accommodate the operational needs of Indian customers.
Production of the systems will take place in India, while the marketing will be a joint effort of the two companies. Integration of additional applications and subsystems will be performed by Alpha in India with IAI's support. Potential customers in India include security agencies and all defense organizations including police forces, coastguard and Border Security Forces. IAI VP and General Manager of the Military Aircraft Group Shaul Shahar said, "IAI's teaming agreement with Alpha follows India's policy for "Buy and make India". Our unique mini-UAS have proved exceptional operational capabilities. IAI's knowledge in producing the world's most advanced and innovative unmanned aerial systems, with Alpha's know-how and access to users will create a strong, fruitful partnership for the benefit of India's defense and security organizations." Alpha Design Technologies Private Limited, Bangalore said chairman and managing director Col. H. S. Shankar said, "The important vision of ‘Make in India' is being made fully effective by this joint effort. Alpha will meet the huge market in India and will examine further, later exports by Alpha, through IAI to various countries."
Published by Globes [online], Israel business news - www.globes-online.com - on February 15, 2015
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