Lloyds Engineering Works' share surges 3% following MoU with Poland-based FlyFocus; all you need to know

As of 12:20 pm, the stock was trading 1.66% higher at ₹63.06 per equity share.

This comes after the heavy equipment manufacturer entered into a memorandum of understanding (MoU) with Poland-headquartered FlyFocus to jointly develop and manufacture the Defender SIGINT UAV.

The Defender SIGINT UAV is a next-generation unmanned aerial platform for signals intelligence (SIGINT) and electronic surveillance applications, the company said in a regulatory filing.

Under the 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,” it added.

“The partnership will evolve into a technology-transfer and joint-production program, aligned with Atmanirbhar Bharat and Make in India missions,” it said.

According to the filing, while the Warsaw-based firm will bring its deep technical expertise in UAV design, avionics integration, and passive radar technologies, Lloyds Engineering will lead system integration, indigenisation, and local production within India.

“The agreement also opens export potential, as rising European defence spending and global demand for advanced unmanned systems create new market opportunities,” the statement said.

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.

Lloyds Engineering Works share performance

The stock declined about 5% over the past five days and more than 2% over the month. However, it gained about 19.5% over the last six months. On a year-to-date basis, the scrip lost approximately 9%.

While the share reached a 52-week high of ₹84.27 on July 10, 2025, it touched a year’s low of ₹44.54 apiece on April 7, 2025.

Lloyds Engineering Works has a total market capitalisation of ₹9,292.66 crore, as of October 10, 2025, according to data on the NSE.