Paras Defence: MoD anti-drone orders due by 2026

Quick overview of the latest announcements

Paras Defence and Space Technologies has reported a cluster of defence-led developments spanning domestic orders, technology transfer, and international tie-ups. The company said it has won contracts worth INR 39.63 crore from India’s Ministry of Defence for counter-drone systems, with execution timelines extending to May 2026. It also disclosed a separate Ministry of Defence contract of INR 46.19 crore for advanced anti-drone systems through its subsidiary. Alongside these orders, Paras Defence has entered a 10-year exclusive partnership with Bandak Aviation Inc. The company also signed a Memorandum of Understanding with Green Optics Co., Ltd., South Korea, for joint development and manufacturing in optics and optical systems for space and defence applications. In addition, Paras Defence signed a licensing agreement with DRDO for transfer of Driver Night Sight technology for T-90 tanks.

Ministry of Defence orders: portable counter-drone systems

A key item in the updates is an order valued at approximately INR 35.68 crore (including GST) from the Ministry of Defence, Government of India. The order is for supply of Portable Counter-Drone Systems (PCDS), described as anti-drone systems. Paras Defence indicated a tentative execution timeline of May 2026 for this supply. The company has also referenced this as a “major domestic order” in its communication. The disclosure also notes that the customer is a domestic government entity. It further indicates there is no related party involvement or promoter interest in the award.

Additional order: RF jammers routed to a subsidiary

Paras Defence also reported an additional Ministry of Defence order for RF Jammers valued at INR 3.95 crore, awarded to its subsidiary. Taken together with the PCDS order, the company stated it has won contracts worth INR 39.63 crore for counter-drone systems. Both the PCDS and RF jammer orders were stated to be completed by May 2026. This positions the near-term order book visibility around delivery and acceptance milestones tied to a defined window. The combined disclosure also clarifies that the counter-drone set includes both detection and jamming components at the system level.

Separate MoD contract: INR 46.19 crore for anti-drone systems

In another update, Paras Anti-Drone Technologies, a subsidiary of Paras Defence and Space Technologies, disclosed a Ministry of Defence contract valued at INR 46.19 crore. The contract is to supply advanced anti-drone systems, including drone jammers, to the Indian armed forces. The announcement described it as a major domestic order and highlighted it as a milestone in the counter-UAV segment. The execution timeline for this order was stated as “by March this year” in the disclosed text, without additional date detail in the provided material. Because of the limited context in the disclosure, it is not possible to reconcile this contract with the INR 39.63 crore package purely from the information provided.

Technology transfer: DRDO licence for T-90 Driver Night Sight

Paras Defence also signed a licensing agreement with DRDO for transfer of Driver Night Sight (DNS) technology for T-90 tanks. Licensing-based technology transfer typically focuses on enabling manufacturing and integration by an industry partner under defined terms. In this case, the disclosure specifically names the Driver Night Sight technology and its end platform, the T-90 tank. No financial consideration, volumes, or delivery schedule for the DNS licence were provided in the supplied text. Even so, the agreement signals continuity of collaboration between Paras Defence and India’s defence R and D ecosystem.

South Korea optics MoU: joint development and manufacturing

On March 04, 2026, Paras Defence and Space Technologies Limited signed a Memorandum of Understanding with Green Optics Co., Ltd., South Korea. The MoU is for joint development and manufacturing of optics and optical systems for space and defence applications. The disclosed scope is focused on optics and optical systems, which are key subsystems across surveillance, targeting, and space payload applications. The announcement does not include revenue estimates, capex plans, or product timelines. But it establishes a formal framework for co-development and production.

10-year exclusive partnership with Bandak Aviation Inc.

Paras Defence & Space Technologies has officially entered into a strategic 10-year exclusive partnership with Bandak Aviation Inc. The update positions this as a long-duration, exclusive arrangement. However, the supplied text does not specify product scope, geographies, or commercial terms. With exclusivity and a 10-year duration explicitly stated, the partnership suggests an intent to build stable, repeatable collaboration rather than a one-off supply arrangement. Any revenue impact cannot be quantified from the provided details.

What the company has said about indigenisation and capability build-up

In the provided remarks, the company described its anti-drone systems as “fully indigenous,” stating modules are designed and manufactured in-house. The same remarks mention two years of development work leading up to these systems. The company also referenced receiving an export order for an anti-drone system from a European company a couple of months earlier, without providing contract value or delivery dates. Separately, the remarks refer to an order “about 40 cr” from the Ministry of Defence, which aligns directionally with the INR 39.63 crore counter-drone package disclosed elsewhere. The comments also outline a future system vision that includes detection, jamming, and spoofing capabilities, but no product launch or contract confirmation was provided for that future system.

Key facts table

Market impact: what these updates imply for execution focus

The most measurable near-term driver in the disclosures is the delivery schedule tied to May 2026 for the INR 39.63 crore counter-drone package. Execution timelines matter in defence procurement because acceptance testing and delivery milestones typically govern cash flow recognition and working-capital intensity. The presence of both system-level (PCDS) and component-level (RF jammer) orders indicates demand across multiple layers of the counter-UAV stack. The INR 46.19 crore subsidiary contract, as described, reinforces the scale of domestic demand for anti-drone equipment, though the overlap with other orders cannot be confirmed from the supplied text. International tie-ups, including the South Korea optics MoU and the 10-year exclusive partnership with Bandak Aviation, broaden Paras Defence’s collaboration footprint, but commercial outcomes are not quantifiable without deal terms.

Analysis: why the mix of orders and partnerships matters

Taken together, the disclosures show Paras Defence addressing three parallel tracks: immediate deliveries (MoD counter-drone orders), capability and product depth (DRDO DNS licence and optics development), and longer-cycle partnerships (Bandak Aviation exclusivity and Green Optics collaboration). Counter-drone systems have become a procurement priority, and the disclosed orders indicate active purchase cycles for portable systems and jammers. The DRDO licence points to opportunities where Paras Defence can manufacture and potentially integrate proven technologies for platform-specific requirements, in this case for T-90 tanks. The optics MoU is relevant because electro-optics is a core enabling technology for surveillance and targeting in both defence and space applications. The 10-year exclusive partnership, while not detailed, suggests a strategic effort to lock in a defined relationship structure over a long duration.

Conclusion

Paras Defence’s recent updates centre on Ministry of Defence counter-drone orders totaling INR 39.63 crore with completion targeted by May 2026, and a separate INR 46.19 crore subsidiary contract for advanced anti-drone systems with execution stated by March. Alongside these, the company has added a DRDO technology licence for Driver Night Sight for T-90 tanks, a March 04, 2026 optics MoU with South Korea’s Green Optics, and a 10-year exclusive partnership with Bandak Aviation Inc. The next concrete milestones, based on the provided information, are the delivery and completion timelines linked to the MoD counter-drone orders and any subsequent disclosures on scope and commercial terms for the international partnerships.