LLOYDS ENGINEERING WORKS LIMITED — Important, 13-10-2025: Agreements

Lloyds Engineering and FlyFocus inked an MoU to jointly introduce advanced FPV drones for India's defence. This expands their partnership, adds high-mobility close-quarter capabilities, and includes tech transfer for over 50% local content, aligning with 'Make in India' and tapping into India's growing defence budget of over ₹6.8 lakh crore.