Friday, March 31, 2023
Defence ManufacturingDefence Deals#MakeInIndia: Dynamatic Tech bags contract to manufacture Aerostructure Assemblies for Boeing

#MakeInIndia: Dynamatic Tech bags contract to manufacture Aerostructure Assemblies for Boeing

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New Delhi: Now that's what you can call a big push to Make in India. In a first of a kind development, Dynamatic Technologies Ltd has been awarded a contract for manufacturing assemblies for Boeing’s newest tactical fighter, F-15EX Eagle II. This is happening for the first time when aerostructures for the latest and most advanced F-15EX Eagle II will be made in India. The award of the Boeing contract was seen immediately on the scrips of Dynamatic Tech which ended at Rs 3,096 up by Rs71.9 or 2.38% from its previous closing of Rs 3,090 on the BSE.

This contract has given a boost to the Aatmanirbhar program and strengthens US-India collaboration on aerospace and defence industrialisation. Dynamatic Technologies will supply the F-15EX aerostructure assembly requirements from FY 2022. Dynamatic will manufacture these aerostructures from their manufacturing facility in Bengaluru, Karnataka.

Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited said, “Dynamatic has been associated closely with Boeing as a strategic tier-1 supplier partner for over a decade. The award for manufacturing aerostructures for the F-15EX Eagle II to Dynamatic is a testimony of our partnership with Boeing."

Salil Gupte, president, Boeing India said, “We see tremendous potential for India to contribute to the global aerospace industry as an industrial and technology partner. The award of aerostructure assemblies for the latest and most advanced version of the F-15 aircraft family is a reflection of Boeing’s focus on Aatmanirbhar Bharat and a testimony to the world-class capability of our industrial partners in India.”

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Dynamatic Technologies is an Indian precision engineering company, based in Bangalore. The company is a global supplier of parts to aerospace, automotive, hydraulic and security assemblers. Dynamatic Tech is also partnering with Boeing to help grow the Indian aerospace and defence ecosystem with advanced manufacturing capabilities, training and skill development in alignment with the ‘Skill India’ initiative of the Government of India.

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