India's Dynamatic Tech inks deal with Airbus to make all A220 door variants (updated)

Dynamatic Technologies

08/02/2024 08:40

(Adds details, Dynamatic share move in paragraphs 2-4)
    By Aditi Shah
       NEW DELHI, Feb 8 (Reuters) - India's Dynamatic
Technologies  DYNM.NS  and Airbus  AIR.PA  have signed an
agreement to make all door variants for the French planemaker's
A220 planes, the two companies said in a press conference on
Thursday.
    The contract awarded to Dynamatic is the biggest one so far
by Airbus for doors, Remi Maillard, President of Airbus India,
said.
    Dynamatic's Mumbai-listed shares jumped as much as 10.7%
after the deal announcement to a record high of 7,780 rupees. 
    The firm's Chief Executive Officer Udayant Malhoutra said it
would deliver the first doors to Airbus early next year.
    

 (Reporting by Aditi Shah in New Delhi, Writing by Nandan
Mandayam in Bengaluru; Editing by Sherry Jacob-Phillips and
Mrigank Dhaniwala)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))