Dynamatic Technologies partners with Deutsche Aircraft

Dynamatic Technologies Limited has announced a new partnership with Deutsche Aircraft, the German OEM based in Münich, Germany. The collaboration focuses on producing the Rear Fuselage for the 40-seater D328eco regional turboprop aircraft. This marks a significant moment for the "Make in India" initiative and will bring work to the highly capable ecosystem here.

The contract signifies an important milestone as Deutsche Aircraft and Dynamatic work together to manufacture the D328eco, a sustainable regional turboprop. This modern, fuel-efficient aircraft is designed to serve regional routes and is set to revolutionise regional air travel globally. With its spacious cabin and superior performance capabilities, the D328eco offers exceptional design, features and operational flexibility.

Mr. Udayant Malhoutra, CEO and Managing Director of Dynamatic Technologies, expressed his pleasure in the collaboration, saying, "We are excited to partner with Deutsche Aircraft on the production of the rear fuselage for the D328eco aircraft. Dynamatic's expertise in aerospace engineering and manufacturing combined with Deutsche Aircraft's vision for innovation in regional air transport will pave the way for a successful partnership."

Mr. Dave Jackson, CEO of Deutsche Aircraft, said, "By partnering with Dynamatic Technologies, we are excited to team up with a key global player with its fast-growing aviation and aerospace industry as well as contributing to the "Make in India" initiative to make India a key global hub for the aviation supply chain. Dynamatic Technologies is one of the most important aerospace suppliers for global commercial OEMs. It has an extensive track record in the aerospace industry and will be a significant partner for the manufacturing of the D328eco."

Maximilan Fahr, Vice President Supply Chain of Deutsche Aircraft, added, "This partnership with Dynamatic Technologies signifies our ability to cooperate with the best in the field and further leverage our supply chain resilience. As India is a key market for us in the APAC region, we are excited about this collaboration that represents a long-term commitment in India."

Both Deutsche Aircraft and Dynamatic are committed to the success of this partnership and the future of the D328eco aircraft programme. The signing of this contract marks a significant step forward in bringing this innovative aircraft to market.

Shares of Dynamatic Technologies Limited was last trading in BSE at Rs. 6350.70 as compared to the previous close of Rs. 6917.05. The total number of shares traded during the day was 3794 in over 1544 trades.

The stock hit an intraday high of Rs. 6984.50 and intraday low of 6106.40. The net turnover during the day was Rs. 24470069.00.

Source : Equity Bulls

Keywords

DynamaticTechnologies INE221B01012 Partnership DeutscheAircraft