Paras Defence And Space Technologies Limited has informed the Exchange regarding a press release dated July 01, 2025, titled "Paras Defence to Supply High-End Counter UAS Technology to France's CERBAIR".
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Paras Defence's subsidiary, Paras Anti Drone Technologies, will supply up to 30 units of its CHIMERA 200 anti-drone systems to France-based CERBAIR, a leading European counter-UAV company. The deal is worth approximately ₹22 crore (€2.2 million) and was formalized through a Letter of Intent. The CHIMERA 200 is a man-portable radio frequency detection and neutralization device used to counter drone and swarm drone threats. The partnership aligns with India's Make in India initiative and the government's goal of $5 billion in annual defence exports by 2025. Both companies have indicated plans for expanded cooperation and further deliveries through 2026 and beyond.
This is a positive development for shareholders as it marks Paras Defence's entry into the European defence market, validates the global competitiveness of its anti-drone technology, and supports future export revenue growth. However, this is currently a Letter of Intent, not a confirmed purchase order, so actual conversion and execution will be key to watch.