[Lydiaswingert]

Piramal Enterprises, an Ajay Piramal group company has picked up a 27.83 per cent stake in Bluebird Aero Systems, an Israel-based unmanned air systems manufacturer, for about Rs 40 crore ($7 million). Bluebird is set to bid for contracts in India.

Piramal’s deal with Bluebird Aero Systems is considered unique as the company is an initiative of former engineers of the Israel Defence Forces. Bluebird has an agreement with Bangalore’s Dynamatic Technologies for manufacturing and marketing mini and micro tactical, unmanned aerial vehicles in India.

The company makes UAV's like MicroB for urban use, SkyliteB for Tactical ISR for infantry tactical teams/ special units, Boomrang for long endurance missions and Blueeye for civilian application.