Euro Asia Exports Ltd Receives USD 40 Million Purchase Order from CYGR, France for Drones Supply

Euro Asia Exports Ltd, through its subsidiary RRP Defense Ltd, has received a purchase order from CYGR, France for the supply and installation of 100 units of drones, amounting to USD 40 million. The order consists of two phases, with the first phase covering the manufacturing of Electro optics system, tracking and integration, Day vision CMOS sensor Thermal cooled sensors, PTZ housing and worth USD 20 million. The second phase, also worth USD 20 million, covers the manufacturing of components such as Fins, motors, engines, housing and Final assembly. The order is expected to be completed within 6 months, with payment terms of 10% advance, 50% payment upon field acceptance test, and 40% payment on shipment.