Adani Defence Bags UAV Contract Worth $2 bn
Elibit's HERMES 900 is an Israeli medium size multi-payload Medium-altitude long-endurance unmanned aerial vehicle (UAV) designed for tactical missions
Adani Defence & Aerospace is well positioned to transition to system integration of larger platforms including UAVs, Rotary-wing and Fixed-wing aircraft,” said Ashish Rajvanshi, Head of Adani Defence & Aerospace
Shares of Adani Enterprises surged over 7 percent after Adani Defence bags UAV contract from Indian Army worth USD 2 billion.
"The MALE UAV is being produced in India and offered by Adani & Elbit’s joint venture company under IDDM category of DPP 2016 to the Indian Armed Forces. Adani has established India’s first Unmanned Aerial Systems manufacturing facility for HERMES 900 MALE at Adani Aerospace Park in Hyderabad, Telangana," the company said in its media release.
"Adani Defence & Aerospace is well positioned to transition to system integration of larger platforms including UAVs, Rotary-wing and Fixed-wing aircraft,” said Ashish Rajvanshi, Head of Adani Defence & Aerospace.
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