RRP Defense Secures USD 20–30 Million LOI from CYGR France for Drone Command Modules

Mumbai, 18 July 2025: In a key development that reinforces India’s growing role in global defence manufacturing, RRP Defense Ltd (BSE: 530929) has received a Letter of Intent (LOI) from France-based CYGR for the production of advanced Drone Command Modules (DCMs). The project, to be executed at RRP’s Indian facility, is valued between USD 20–30 million and is aimed at fulfilling CYGR’s international commitments. The deal marks a significant step under the “Make in India – Secure by Design” initiative, expanding India’s presence in high-end export-oriented defence manufacturing.

CYGR Selects Indian Manufacturer for Major Defence Export Project

CYGR, a Franco-American defence technology firm specialising in tactical unmanned aerial systems and command platforms, has chosen RRP Defense Ltd as its partner for an export-led manufacturing collaboration. As per the announcement made on 17 July 2025, the partnership will focus on the production, assembly, and testing of CYGR’s drone command and mission management units, with the goal of supplying up to 1,000 units to global clients.

This selection represents a vote of confidence in India’s growing defence production capabilities and serves as a catalyst for strengthening Indo-French industrial cooperation in aerospace and unmanned systems.

Key Manufacturing Details Highlight Scope and Global Reach

• Estimated Contract Value: USD 20–30 million
• Units to be Produced: 800–1,000 units
• Product: Drone Command Modules and Mission Units
• Delivery Scope: Export to CYGR’s existing international clients
• Execution Site: RRP’s Indian manufacturing facility

The LOI, although currently non-binding, sets the groundwork for a definitive agreement that will soon be jointly drafted by both companies. This agreement will define the project timeline, address sovereign security and licensing, and ensure export compliance, aligning with global regulatory frameworks.

RRP Defense Deepens Commitment to Global Defence Collaboration

In its official filing, RRP Defense Ltd stated that the initiative supports its long-term vision to build resilient global supply chains and expand India’s defence manufacturing footprint. The collaboration will also help bolster bilateral ties and promote India as a trusted manufacturing hub in the global aerospace sector.

The company highlighted that this partnership falls in line with national priorities and industry goals under the Make in India – Secure by Design programme.

CYGR’s Co-CEO, George El Aily, added, “We look forward to working closely with RRP Defense Ltd on this important strategic engagement,” affirming CYGR’s intent to deepen its global manufacturing alliances through India.

New Corporate Entity Signals Broader Aerospace Ambitions

In a parallel corporate update, RRP Defense Ltd has filed for the incorporation of a new entity named “Vimanu Limited.” This move is aimed at consolidating and expanding its presence in aerospace and defence manufacturing, indicating the company’s growing focus on next-generation defence technologies and export-oriented growth strategies.

The company, formerly known as Euro Asia Exports Ltd, has steadily shifted towards strategic defence production and international collaboration, positioning itself as a competitive player in the global market.

Stock Touches 52-Week High Amid Positive Announcements

On 17 July 2025, RRP Defense Limited recorded a share price of ₹219.55, which stood as the day’s opening, high, and low. The company’s market capitalisation was reported at ₹191.42 crore, with a P/E ratio of 30.16. Although the firm did not declare any dividend yield, the share price marked a 52-week high of ₹219.55, rising sharply from its 52-week low of ₹16.73, signalling a strong momentum in recent months.

International Recognition Strengthens RRP Defense’s Long-Term Outlook

The LOI from CYGR France adds meaningful weight to RRP Defense’s growth story, reflecting the global market’s increasing interest in India’s defence manufacturing capabilities. While the agreement is currently in the initial phase, its scale and export potential reinforce the company’s trajectory towards becoming a long-term participant in the global defence value chain.

As India continues to strengthen its defence industrial base and attract international defence OEMs, companies like RRP Defense Ltd are emerging as pivotal players contributing to both economic growth and strategic capability-building.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e54b739-5bc7-4e6b-82be-ccc8b817a98d.pdf

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