Dynamatic Technologies to manufacture Escape Hatch Door for Airbus A220 aircraft | EquityBulls

2022-07-23 05:05:20 By : Ms. Carly Chen

Bengaluru-based Dynamatic Technologies has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. The contract was placed by recently established STEllA AERONAUTIQUE CANADA Inc., a subsidiary of Airbus Atlantic SAS. This contract marks a milestone of workshare of the A220 supply chain in India and extends Dynamatic's capabilities for manufacturing critical aerostructure to Airbus. Udayant Malhoutra CEO & Managing Director. Dynamatic Technologies Limited said "We are delighted to have been awarded this contract. Dynamatic has been working with Airbus since 2006 on flight critical wing sub-assemblies and are now moving onto 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 become a pathfinder for establishing a fully-qualified ecosystem for the A220 family in India. It is a testament to the resilience and quality systems of the Indian supply chain." Shares of Dynamatic Technologies Limited was last trading in BSE at Rs. 1864.75 as compared to the previous close of Rs. 2020.80. The total number of shares traded during the day was 1766 in over 404 trades. The stock hit an intraday high of Rs. 1987.05 and intraday low of 1854.00. The net turnover during the day was Rs. 3327633.00.

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