Magellanic Cloud Forms Joint Venture for UAV Manufacturing in India
Magellanic Cloud has announced a strategic joint venture to manufacture advanced Unmanned Aerial Vehicle (UAV) systems in India. The company has partnered with Rayonix Tech, an India-based defense technology firm, and XTEND, an Israel-based company specializing in AI-powered robotics and UAV systems. This joint venture, valued at approximately $11 million, aims to establish comprehensive manufacturing, testing, and distribution capabilities in India. The UAVs produced will support the evolving needs of armed forces and security agencies, focusing on surveillance, reconnaissance, and mission-critical operations. This move marks a significant expansion for Magellanic Cloud in the defense and security technology sector.