Dynamatic Technologies rises on completing first F-15 former assemblies for Boeing

Dynamatic Technologies is currently trading at Rs. 2247.95, up by 22.75 points or 1.02% from its previous closing of Rs. 2225.20 on the BSE.

Dynamatic Technologies
Dynamatic Technologies

The scrip opened at Rs. 2248.30 and has touched a high and low of Rs. 2262.05 and Rs. 2231.95 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2900.00 on 20-Oct-2021 and a 52 week low of Rs. 1668.60 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2400.00 and Rs. 2201.05 respectively. The current market cap of the company is Rs. 1411.10 crore.

The promoters holding in the company stood at 44.84%, while Institutions and Non-Institutions held 17.87% and 37.30% respectively.

Dynamatic Technologies has completed the first F-15 former assemblies for Boeing. This is the first aero-structure, for the latest and most advanced F-15 manufactured in India, a significant milestone for the Indian aerospace and defence industry.

This is enabled by innovation and forward-thinking processes, the newest version of the legendary F-15 fighter incorporates the most advanced systems available globally, including next-generation design and technology built on a digital thread.

Dynamatic has been associated closely with Boeing as a strategic supplier partner for over a decade now. In September 2021, Boeing awarded the contract for manufacturing assemblies for the F-15 to Dynamatic Technologies.

Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.

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