Shares of Dynamatic Technologies Ltd. surged over 6% on Tuesday, November 4, after informing the exchanges of a positive development for fighter jets. With this move, the stock also turned positive on a year-to-date basis.Dynamatic Technologies announced that the consortium of Larsen & Toubro (L&T), and Bharat Electronics (BEL) has onboarded the company as an exclusive partner for India’s fifth generation fighter aircraft (AMCA) programme.
This collaboration will combine Dynamatic Technologies’ global expertise in complex aerostructures and sub-systems manufacturing for leading aerospace OEMs along with L&T’s engineering and BEL’s electronics expertise.
“Adding Dynamatic Technologies as an exclusive partner to this consortium brings unmatched agility and precision to our mission. This partnership is as much about building a next-gen fighter jet as it is about redefining the Indian Aerospace industrial ecosystem.”
Shares of Dynamatic Technologies are trading 6.1% higher at ₹8,540. The stock has turned positive on a year-to-date basis, and has risen 15% so far over the last 12 months.
