Dynamatic Technologies Bags Contract To Manufacture Airbus A220 Aircraft Doors
Dynamatic Technologies Ltd. has been awarded a large order from Europe-based multinational company Airbus on Thursday.
The Bengaluru-based company will manufacture and assemble doors for Airbus' A220 family of aircraft under the contract, according to an exchange filling.
Order Details
Dynamatic Technologies will manufacture and assemble the cargo, passenger and service doors, along with the overhang emergency exit doors for the A220 aircraft line. It totals to eight doors for each aircraft. The financial details were not disclosed.
The contract was first formally announced by the Ministry of Aviation on Thursday, in the presence of the Civil Aviation Minister.
"This export award is amongst the largest ever placed on an Indian manufacturer by any global aviation OEM," said Udayant Malhoutra, chief executive officer and managing director of Dynamatic Technologies.
The first order was in 2023, when Airbus gave the contract for the manufacturing of bulk and cargo doors of the A320 family of aircraft to Tata Advanced Systems Ltd.
The contract is also in keeping with Airbus' aim to double its sourcing from India. Currently, it is valued at about $750 million each year. Over the next few years, the sourcing amount is expected to rise to $1.5 billion.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
