The Aerospace Park that’s coming up in Devanahalli near Bengaluru over 725.05 acres with an allotted area of 503.49 acres is set to house 49 units. Among those allotted land was Bengaluru-headquartered Dynamatic Technologies which secured 27.65 acres. The aerospace technology firm is in the process of investing about Rs 500 crore there.
Dynamatic, the company with revenue of around $300-million, designs and builds products for automotive, aerospace, hydraulic and security applications at its design, engineering and manufacturing facilities in Europe and India. It counts Hindustan Aeronautics Limited, Airbus and Boeing among its clientele.
With its owed aim “to emerge as a global high-precision engineering player catering to focused business segments,” it has been succeeding in its endeavour going by the accolades it has been getting, even from Prime Minister Narendra Modi.
Dynamatic has been a poster boy of Prime Minister Modi’s efforts to indigenise the defence and aerospace to a great extent. The efforts of Boeing and Dynamatic to ‘Make in India’ was highlighted by Modi during his inaugural address at Aero India 2015 in Bengaluru. It has become Tier I suppliers to various OEMs across our focused segments.
The company develops each supplier in the chain and have them certified to original equipment maker (OEM) standards, the company said. Supplier ecosystems have been built and managed by Dynamatic Technologies for Northrop Grumman (F16 Radar Assemblies) and Boeing (P8I Project).
Dynamatic has to its credit the honour of being the global single source supplier of what’s known as ‘flap track beam’ assemblies (in wings of aircraft) for the Airbus A320 aircraft family. Under the pact between Dynamatic and Airbus, touted as the largest manufacturing contract between Airbus and a private sector firm in India, Dynamatic was to assemble all the flap track beams from its Bengaluru facility.
In the second phase, it was responsible for the entire supply chain of these beams, including sourcing materials, manufacturing and final assembly. It was later awarded an aero-structures contract by Airbus for the supply of flap track beams for the Airbus long range aircraft (A330 family) variants. This made Dynamatic Airbus’s first global tier one supplier in the Indian private sector.
The firm’s customers include global automotive players like Audi, BMW, Volkswagen, Hyundai, and Mahindra & Mahindra. Also tractor makers John Deere and New Holland.
Dynamatic saw its September quarter revenue at Rs 367 crore and it made a profit of about Rs 31.5 lakh.
The Dynamatic Technologies Research & Development Centre has been certified by the Department of Scientific and Industrial Research (DSIR) from 2001.