Cyient DLM Inks Production Contract with Boeing

Cyient DLM, an integrated partner for design-led manufacturing, has been awarded a contract by Boeing for the production of Battery Diode Module (BDM) for the 787 Dreamliner.

This is the first project for the production of power electronics and design/certification support for commercial airplanes awarded by Boeing to Cyient DLM.

Anthony Montalbano, CEO, Cyient DLM, said, "Cyient DLM is uniquely positioned to offer complete design, development, qualification, certification and production support to Global Aerospace OEMs. We are honored to partner with Boeing, a global aviation leader, and contribute toward advancing aviation technology in India. This contract marks a significant milestone for Cyient DLM showcasing its focus on design and certification, and increasing share of build to specification products."

Cyient DLM is amongst the first AS9100C aerospace certified electronic manufacturing facility and first in India to obtain the National Aerospace and Defense Contractors Accreditation Program (NADCAP) certification for Circuit Card Assembly (CCA). Cyient Limited brings over 20 years of experience in design, certification and qualification of embedded systems for safety critical systems. The combined strengths of Cyient and Cyient DLM put them in unique position to design, certify and manufacture of embedded systems for aerospace.

Shares of Cyient DLM Limited was last trading in BSE at Rs. 818.65 as compared to the previous close of Rs. 775.75. The total number of shares traded during the day was 58850 in over 3821 trades.

The stock hit an intraday high of Rs. 872.55 and intraday low of 755.45. The net turnover during the day was Rs. 48228611.00.

Source : Equity Bulls

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CyientDLM INE055S01018 IndustrialProducts ProductionContract Boeing OrderWin