Business

August 16, 2013

Dynamatic Technologies, AeroVironment sign teaming agreement for unmanned aerial vehicles

Dynamatic Technologies and AeroVironment, Inc., a world leader in Unmanned Aircraft Systems, have signed a Teaming Agreement to address the growing global demand for Unmanned Aircraft Systems.

The agreement provides for the manufacture of UAVs in India, which will enable DynamaticÆ and AeroVironment to work together on a number of business opportunities for potential customers including the Ministry of Defence and the Ministry of Home Affairs.

Dynamatic Technologies is a demonstrated leader in the Indian private sector for Aerospace and Defence products, having partnered with the Ministry of Defence and its associated agencies like Hindustan Aeronautics Limited on key projects including the Sukhoi Su-30MKI Fighter Bomber, the IJT-36 Intermediate Jet Trainer, and the Lakshya Pilotless Target Aircraft.

Teaming with AeroVironment is strategic to our efforts to build capabilities in the Aerospace Segmentî said Udayant Malhoutra, CEO and managing director, Dynamatic Technologies Limited ìThe combination of AeroVironmentís technical capabilities and unmatched experience in Unmanned Aircraft Systems and Dynamaticís precision engineering capabilities, along with the strong brand equity of both Companies, will facilitate the availability of world-class UAVs

With more than 24,000 UAVs delivered worldwide, AeroVironment has the largest operational deployment of UAVs in the world and its products are extensively used by the military forces of the United States and 24 other countries.

This teaming agreement is a key component of AeroVironmentís continued international growth, said Roy Minson, AeroVironment senior vice president and general manager of the companyís unmanned aircraft systems business segment. We believe that Dynamatic Technologiesí successful track record makes them an ideal teammate for introducing our leading small unmanned aircraft systems to this market. †




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