MER Group Subsidiary Secures $6M AI-Based Counter-UAS Deal in India
MER Group's subsidiary has signed a binding cooperation agreement with an Indian defense firm to develop AI-driven Counter-UAS solutions. The initial project phase includes a $6 million order, indicating strong growth prospects in defense technology markets.
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MER Group's subsidiary has entered into a binding framework agreement with a prominent Indian defense company to develop AI-based Counter-UAS solutions. The initial phase of this agreement involves an order valued at approximately $6 million, covering development, integration, and support of the systems.
Future phases will focus on technology transfer and local manufacturing in India, pending necessary approvals. MER Group recently reported a record order backlog of around NIS 972 million, reflecting strong demand for its solutions and substantial business visibility for the year. This partnership highlights the growing need for advanced defense technologies amid increasing threats from unmanned aircraft.
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