Cyient and Israel-based BlueBird Aero Systems, a leader in design, development, and production of micro, mini, and small tactical Unmanned Aerial Systems (UAS) on 11 April 2018 announced they have entered into a joint venture to offer field-proven UAV systems to Indian defence, paramilitary, security, and police forces. The joint venture, named Cyient Solutions & Systems, has 51% and 49% shareholding by Cyient and Blue Bird respectively.

Cyient Solutions & Systems will indigenize, manufacture, assemble, integrate, and test advanced UAV systems at its production facilities in Hyderabad by leveraging Bluebird's technology and manufacturing know-how. Cyient Solutions & Systems, supported by BlueBird, will also provide comprehensive aftermarket services, including spares, repairs, maintenance, and support to end users across India.

NJ Joseph, Managing Director & CEO, Cyient Solutions & Systems added, "Our Unmanned Aerial Systems raise the bar on performance and reliability for 1ST AR and mapping applications. BlueBird's world-class technology, joined with Cyient's manufacturing and aftermarket capabilities and local presence, offers exceptional value to the rapidly expanding market for UAV solutions in India."

Shares of the company declined Rs 5.35, or 0.84%, to trade at Rs 632.30. The total volume of shares traded was 10,823 at the BSE (3.44 p.m., Wednesday).