With reference to the 'Project Cheetah', consider the following statements:
1. The proposal, named 'Project Cheetah', has been revived by the armed forces and is expected to cost the government over Rs 3,500 crore.
2. Under this project, around 90 Heron drones of the three services would be upgraded to be armed with laser-guided bombs, air to ground and air-launched anti-tank guided missiles.
Which of the statements given above is/are correct?