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".
PARAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.