Aeronautics to Produce UAVs in Bulgaria
State-owned VMZ Sopot has signed a technology transfer contract with the Israeli dronemaker, allowing the Bulgarian arms manufacturer to start producing unmanned aerial vehicles. The partnership, currently limited to the local market, might serve as an export platform in the future
Ami Rojkes Dombe
| 18/11/2018
Signing a contract between VMZ Sopot and Aeronautics Group | Photo credit: VMZ Sopot
Bulgarian state-owned arms manufacturer VMZ Sopot will start production of unmanned aerial vehicles under an agreement signed with Israel's Aeronautics, Bulgaria's economy ministry said on Thursday.
The agreement for cooperation and technology transfer will allow VMZ Sopot to launch production of drones under its own brand, as well as ensure their maintenance, the ministry added.
The cooperation agreement was signed by Atanas Bogdanov, Chairman of the Board of Directors of VMZ Sopot, and Adi Cohen, Director of Business Development and Marketing at Aeronautics, during a trilateral meeting with the Minister of Economy Emil Karanikolov.
According to Bogdanov, the agreement is an important step in VMZ Sopot's strategy to enter the sector of new technologies.
Adi Cohen of Aeronautics said the Israeli dronemaker’s aim was to set up an assembly and production line of UAVs in Bulgaria and approach new markets together with VMZ Sopot.
[Sources: SeeNews, Sofia Globe, Reuters, BulgarianMilitary]
State-owned VMZ Sopot has signed a technology transfer contract with the Israeli dronemaker, allowing the Bulgarian arms manufacturer to start producing unmanned aerial vehicles. The partnership, currently limited to the local market, might serve as an export platform in the future
Signing a contract between VMZ Sopot and Aeronautics Group | Photo credit: VMZ Sopot
Bulgarian state-owned arms manufacturer VMZ Sopot will start production of unmanned aerial vehicles under an agreement signed with Israel's Aeronautics, Bulgaria's economy ministry said on Thursday.
The agreement for cooperation and technology transfer will allow VMZ Sopot to launch production of drones under its own brand, as well as ensure their maintenance, the ministry added.
The cooperation agreement was signed by Atanas Bogdanov, Chairman of the Board of Directors of VMZ Sopot, and Adi Cohen, Director of Business Development and Marketing at Aeronautics, during a trilateral meeting with the Minister of Economy Emil Karanikolov.
According to Bogdanov, the agreement is an important step in VMZ Sopot's strategy to enter the sector of new technologies.
Adi Cohen of Aeronautics said the Israeli dronemaker’s aim was to set up an assembly and production line of UAVs in Bulgaria and approach new markets together with VMZ Sopot.
[Sources: SeeNews, Sofia Globe, Reuters, BulgarianMilitary]
