Elbit Systems to market Duke Robotics armed quadcopters.

UAS Drone announced (reported by UAS Vision) that its wholly owned Israeli subsidiary, Duke Airborne Systems, and Elbit Systems Land signed a Collaboration Agreement for global marketing and sales, and the production and further development of Duke’s developed advanced robotic system mounted on an UAS armed with lightweight firearms, or TIKAD.
Follow Army Recognition on Google News at this link

Duke has granted Elbit Systems a worldwide exclusive license for the use of Duke’s knowhow and intellectual property, and for the marketing, sales, production, and further development of the TIKAD (UAS armed  with lightweight firearm) for military, defense, homeland security and paramilitary uses (Picture source: Duke Airborne Systems)

Duke has granted Elbit a worldwide exclusive license for the use of Duke’s knowhow and intellectual property, and for the marketing, sales, production, and further development of the TIKAD for military, defense, homeland security and paramilitary uses, UAS Vision reports.

The parties will also cooperate in continuing a project that has already started with a customer in the Asia Pacific region. Elbit has agreed to invest, at its discretion and pursuant to certain milestones, in the further development and setting up of serial production lines of TIKAD and may elect to increase such investment subject to the satisfaction of certain criteria, including Elbit’s right to terminate the Agreement if, for example, the Project is cancelled by the customer.

In addition to the cooperation in the Project, Elbit will pay Duke royalties from revenues received from world-wide sales of TIKAD, with royalty rates ranging from low to mid-double figure percentages, depending on the tiers of the selling price of TIKAD.