Czech company PBS has signed a Memorandum of Understanding (MoU) with Ukraine’s Ivchenko-Progress to develop new AI-PBS-350 engine to power drones.
In an official statement, Prvni brnenska strojirna Velka Bites, a.s. (PBS) said the agreement was signed on June 19.
The AI-PBS-350 engine is designed for use with cruise missiles and drones.
The companies will also identify new joint commercial and development projects in the aerospace, defense, and energy industries.
Specifications of the AI-PBS-350: