UAV facility premises ready; phased commercial rollout planned
MCLOUD · price
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Magellanic Cloud said premises for its UAV facility under MCRAY XTEND India are ready. The venture with Rayonix Tech and XTEND plans phased production and flight testing, with commercial operations starting progressively. Magellanic owns 60% of MCRAY. Products planned include tactical drones for defence and security agencies, plus possible software, maintenance and export income. Sales depend on approvals, procurement and execution.
Positive for potential defence revenue; operations and sales are not confirmed, and approvals, procurement and phased rollout remain key risks.