|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Bell Helicopter, a Textron Inc company, has signed an MoU with Bangalore-based Dynamatic Technologies to consider establishing Dynamatic as a sub-contractor for its Bell 407 air frame cabin assembly, air frame component and details.
The estimated business volume of the work proposed is approximately $243 million over a 10-year period starting in 2013.
“Bell Helicopter would continue to invest in India,” said Rishi Malhotra, Bell Helicopter’s general manager in India.
He said, India represents a significant growth opportunity for both sales and manufacturing.
Dynamatic has already qualified itself as well as an ecosystem of sub-tier suppliers under the Bell Production System and has commenced trial production of airframe components and detailed parts.
Commercial production, which is scheduled to start shortly at the company’s aeronautic manufacturing facilities at Dynamatic Park Peenya, will be undertaken at Dynamatic Aerotropolis, Devanahalli, in the last quarter of 2013.
The MoU will build upon Dynamatic’s existing relationships with Airbus, Boeing, Spirit AeroSystems (Europe) Limited and Hindustan Aeronautics Limited and further strengthen its leadership position in the Indian Aerospace industry.