Lloyds Engineering Works Limited (LEWL) has entered into a Memorandum of Understanding (MoU) with FlyFocus Sp. z o.o., a Warsaw-based specialist in unmanned aerial vehicles (UAVs) - commonly known as drones - and avionics systems, to jointly develop and manufacture the Defender SIGINT UAV, a next-generation platform for signals intelligence (SIGINT) and electronic surveillance applications.
About FlyFocus Sp. z o.o.
Headquartered in Warsaw, Poland, FlyFocus Sp. z o.o. is a leading European developer of unmanned aerial systems (UAS), avionics, and SIGINT payloads. Its modular UAV architectures and electronic intelligence solutions are deployed across major European defence programs, known for reliability, precision, and scalable mission design. Under this MoU, the Defender UAV (Drone) will be developed exclusively with Lloyds Engineering for India, ensuring complete localisation, technology transfer, and eventual indigenous production under the Make in India framework.
Expanding Horizons in Defence Engineering
Building on its proven expertise in marine and precision engineering systems such as steering gears, fin stabilisers, and deck machinery, Lloyds Engineering is now expanding into the aerospace and defence segment. The Defender UAV (Drone) marks a strategic step in the company's journey toward developing mission-critical, high-technology systems for India's armed forces, intelligence agencies, and homeland security organisations. It is designed for diverse defence applications including border and coastal monitoring, airbase protection, VIP movement security, electronic threat detection, and strategic reconnaissance, enhancing both tactical awareness and national security preparedness.
Key Benefits of the MoU
- FlyFocus Sp. z o.o. brings deep technical expertise in UAV design, avionics integration, and passive radar technologies, while Lloyds Engineering will lead system integration, indigenisation, and local production within India.
- The collaboration provides exclusive rights to Lloyds Engineering for Indian deployment and adaptation of the Defender UAV (Drone).
- The partnership will evolve into a technology-transfer and joint-production program, aligned with Atmanirbhar Bharat and Make in India missions.
- The agreement also opens export potential, as rising European defence spending and global demand for advanced unmanned systems create new market opportunities.
Evolving Importance of India's Defence Sector
- India's defence industry is undergoing rapid transformation. Domestic production has crossed ₹1.27 lakh crore (FY24), with exports exceeding ₹23,000 crore (FY25) - a 34× rise in a decade.
- With a ₹6.8 lakh crore FY26 defence outlay and over 90% of MoD contracts awarded to Indian firms, the sector offers strong policy visibility and sustained growth.
- This ecosystem, driven by localisation, innovation, and UAV (drone) adoption, is enabling partnerships that combine global technology leadership with India's engineering and manufacturing scale, reinforcing the nation's position as a future-ready defence hub.
Future Collaborations
Lloyds Engineering is also evaluating additional collaborations with European defence technology providers to introduce specialised, high-impact systems - including aerospace subsystems, electronic warfare payloads, and tactical mobility solutions - into India's growing defence manufacturing ecosystem.
Shree Krishna Gupta, Director, Lloyds Engineering Works Limited expressed "The Defender program marks a decisive step in our expansion into advanced defence platforms. Partnering with FlyFocus allows us to combine global UAV (drone) expertise with India's growing manufacturing strength, delivering next-generation systems tailored for national security and future export potential."
Lloyds Engineering Works Limited is in an exciting phase of growth, aggressively expanding its product offerings in the defence space and building long-term competencies across advanced technology domains. These strategic initiatives are aimed at broadening the company's presence in high-value sectors and creating enhanced value opportunities for its stakeholders through sustained innovation, localisation, and global partnerships.
Shares of Lloyds Steels Industries Limited was last trading in BSE at Rs. 61.97 as compared to the previous close of Rs. 60.49. The total number of shares traded during the day was 174264 in over 1484 trades.
The stock hit an intraday high of Rs. 62.95 and intraday low of 60.34. The net turnover during the day was Rs. 10751690.00.