Paras Defence Signs MoU with South Korea's Green Optics for Space and Defence Optics

Paras Defence and Space Technologies Limited signed a Memorandum of Understanding with South Korea's Green Optics Co., Ltd. to collaborate on developing and manufacturing optics and optical systems for space and defence applications. The partnership aims to establish a framework for joint development, manufacturing, and business expansion in their respective regions. Following the announcement, Paras Defence shares rose over 10%, reflecting investor optimism amid ongoing global defence sector strength. The company recently reported increased quarterly profits and revenue.