Dynamatic Technologies spurts ~7.5% on bagging order of Escape Hatch Door for Airbus A220

14 Jun 2022 , 09:43 AM

Bengaluru-based Dynamatic Technologies Limited, demonstrated leader in the development of exacting airframe structures and precision aerospace components, secured a contract to manufacture the Escape Hatch Door for Airbus A220 aircraft.

The company received the said order from STELIA AERONAUTIQUE CANADA Inc., a subsidiary of Airbus Atlantic SAS.

This contract imprints a milestone in the workshare of an A220 supply chain in India and extends Dynamatic’s capabilities for manufacturing critical aerostructure to Airbus.

“We are pleased to win this contract. Dynamatic has been associated with Airbus since 2006 on flight-critical wing sub-assemblies and is now moving ahead to the fuselage. The Escape Hatch Door is a complex assembly, and this is the first aerostructure of the new Airbus A220 family to be built in India.

Dynamatic will pave the way for establishing a fully-qualified ecosystem for the A220 family in India. It vouches for the resilience and quality systems of the Indian supply chain,” commented Udayant Malhotra CEO & Managing Director of Dynamatic Technologies Limited.

At around 9.49 PM, Dynamatic Technologies was trading at Rs1,998 per piece, up by Rs133.25 or 7.15% from its previous closing of Rs1,864.75 on the BSE. The scrip opened at Rs1,959 and has touched a high and low of Rs2,043.35 and Rs1,928.55 respectively.