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Dynamatic Technologies share price surges over 9% on agreement to build the Falcon 6X fuselage

Dynamatic Technologies, a manufacturer of hydraulic gear pumps and automotive turbochargers, saw its share price regain strength in Monday's trade, December 08, surging 9.3% to ₹9,266 apiece. If the stock closes the session higher, it will end the five-day losing streak. Today's sharp rally in Dynamatic Technologies’ share price followed the company's agreement with French aerospace company Dassault Aviation for the manufacturing and assembly of the complete rear fuselage (Section 5) for Dassault’s latest business jet, the Falcon 6X.

Dynamatic Technologies share price surges over 9% on agreement to build the Falcon 6X fuselage

Credit: Livemint

Key Highlights

  • In a regulatory filing to the exchanges on Friday, the company said the milestone follows the successful industrialisation by DTL of the rear fuel tank, whose commercial production has already commenced with deliveries made to Dassault Aviation.
  • The two companies initially collaborated in January 2024, when DTL began producing flight-critical aero structures for the Falcon 6X.
  • Under the latest agreement, Dynamatic’s role has been expanded to cover the complete rear fuselage assembly of the aircraft.
  • "Building on the long-term involvement of Dassault Aviation in the Make in India policy and a previous collaboration established in January 2024, under which Dynamatic undertook the manufacturing of flight-critical aero structures for the Falcon 6X, this new agreement marks an expansion of Dynamatic’s role in the Falcon 6X to now include the complete rear fuselage assembly," the company said in its regulatory filing.
  • Mr Udayant Malhoutra, CEO and Managing Director of Dynamatic Technologies Limited, said, “We are proud to deepen our partnership with Dassault Aviation through this agreement to manufacture the complete rear fuselage for the Falcon 6X.
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Sources

  1. Dynamatic Technologies share price surges over 9% on agreement to build the Falcon 6X fuselage

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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