Dynamatic Technologies' subsidiary signs multi-year contract with Spirit AeroSystems; stock jumps ~2%

1 Dec 2022 , 01:13 PM

Dynamatic Technologies Limited has a 15-year relationship with Spirit AeroSystems, one of the world’s leading aerostructure companies, and has produced a large volume of flight-critical assemblies and detail parts for them.

Dynamatic Manufacturing Limited, a subsidiary of Dynamatic Technologies, has recently signed a long-term contract with Spirit AeroSystems to produce detailed parts for the Belfast facility in Northern Ireland.

Dynamatic Manufacturing, a Detail Parts Centre of Excellence, will be involved in the engineering, manufacturing, and delivery of components for various aircraft parts.

The contract includes multiple components for Spirit’s commercial and business jet programmes in Belfast.

Dynamatic is a proven leader in the development of exacting Airframe Structures and Precision Aerospace Components, and it collaborates with Nationally Important Agencies as well as Global Aerospace Majors.

At around 1.15 PM, Dynamatic Technologies was trading at Rs2,702.80 apiece, up by 2.19% from its previous closing of Rs2,645 on the BSE. The scrip touched intraday high and low of Rs2,750 and Rs2,682.65 respectively.

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