UVision has announced the formation of the AVision joint venture with Aditya Precitech for the manufacture and marketing of Loitering Munitions in India.
Press Release, 29 January 2020: UVision Air Ltd. – a global leader in the area of Loitering Munitions Systems of all sizes for a variety of missions ‒ strengthens its presence in India and announces a joint venture with Aditya Precitech, an Indian company, for the manufacture and marketing of loitering munitions under the brand PALM (Precision Attack Loitering Munition) Hero Systems.
These systems are already in service and combat-proven. AVision, the company formed under the joint venture agreement, addresses the needs of the Indian defence and paramilitary sectors. AVision will explore various opportunities in India for Loitering Munitions Systems with the intention of initiating a full range of activities including the design, manufacture, sales, maintenance, support, upgrading, and lifecycle management. The partners will also maintain a supply of spare parts for the warranty and post-warranty periods for current and future versions of the smart munitions systems.
AVision will be responsible for and will provide the following: design, development manufacture and maintenance support for all PALM Hero series, marketing strategy development and implementation; facilities for the new company’s operations; human resources and personnel; supply chain creation and implementation; platform integration; and, after-sale training and customer support services.
Commenting on the Joint Venture, Shane Cohen, VP Sales & Marketing at UVision and AVision Board Member, said, “We are very pleased to have partnered with Aditya, a highly respected company with extensive experience as development partner for many of India’s Defense Research and Development Organization’s (DRDO) most important projects. Aditya has a skilled team able to produce a wide range of complex components, and is an ideal partner for our innovative, cost-effective loitering munitions systems designed for the battlefield of the future.”
Regarding this partnership, Aditya’s representative and Avision’s CEO, Col. (ret.) Anil Yadav, remarked, “This Joint Venture is a major step forward enabling India to achieve significantly higher levels of self-sufficiency in the defence sector with the transfer of state-of-art cutting-edge technologies for the futuristic loitering munitions. We look forward to producing the full range of loitering munitions, which will be offered to India’s military, paramilitary forces as an effective response to multiple threats with minimal collateral damage.”
¤ The PALM HERO Series and Simulation System will be showcased at the AVision booth during Defexpo 2020 at Lucknow in India from 5th to 8th February.