Dynamatic teams up with Aequs for supplying Airbus A220 parts; shares fall 2%

Shares of Dynamatic Technology Ltd fell 2.47 per cent to close at ₹8,2743.65 per share on the BSE on Wednesday. 

The company has announced a strategic partnership with Aequs to supply critical components for the Airbus A220’s door module. Under this agreement, Aequs would manufacture and deliver over 200 intricate parts for the doors.  

According to its exchange filing, this encompasses a range of complex processes including tool design, forgings, machining, and surface treatment. 

Furthermore, this five-year contract strengthens the existing partnership between the two companies, both leaders in the aerospace sector. It also aligns with India’s “Make in India” initiative, promoting domestic manufacturing and exports in the aerospace industry. 

“The synergy between our two organizations ensures that we continue to raise the bar in delivering cutting-edge aerostructures for Airbus’ A220 program, marking a new chapter of collaborative innovation and value creation in the global supply chain, “ said Udayant Malhoutra, CEO & Managing Director of Dynamatic Technologies.