Partnership28 Jul 2026, 10:52 am
Lloyds subsidiary inks deal with Flyfocus for UAS manufacturing
AI Summary
Lloyds Engineering Works Ltd announced that its subsidiary, Lloyds Advance Defence Systems Limited (LADS), has entered into an agreement with Flyfocus SP. Z.O.O, Poland. The agreement focuses on the licensed manufacturing, marketing, and supply of Flyfocus's Unmanned Aerial Systems (UAS) products in India. Additionally, it includes provisions for joint research and development of new UAS products. This collaboration aims to leverage Flyfocus's expertise in UAS design and development for the Indian market.
Key Highlights
- Subsidiary LADS partners with Poland-based Flyfocus.
- Agreement covers licensed manufacturing and supply of UAS in India.
- Joint R&D for new Unmanned Aerial Systems products included.
- Enhances defence capabilities and technological advancement.
- No related party transaction or shareholding changes involved.
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