You are here: Home » Companies » News
Business Standard

Airbus signs largest ever sourcing deal in India

The aircraft major has signed agreement with Bengaluru-based Dynamatic Technologies for supply of flap track beams for an undisclosed sum

BS Reporter  |  Bengaluru 

European aircraft major Airbus, which had sourced more than $400 million worth of components from India in the past year, has signed an agreement with Bengaluru-based Dynamatic Technologies for supply of flap-track beams for its A-330 wide-body planes, for an undisclosed sum.

Under the pact, touted as the largest manufacturing contract between Airbus and a private sector company in India, Dynamatic will assemble all the flap track beams from its Bengaluru facility. Flap track beams are used in the wings of an aircraft.

In the second phase, it will be responsible for the entire supply chain of these beams including sourcing materials, manufacturing and final assembly.

“Airbus partnership with Dynamatic signifies our commitment towards developing the aerospace supply chain in India and thereby supporting thousands of highly-skilled jobs,” Srinivasan Dwarakanath, managing director, Airbus India told reporters.

Dynamatic has manufactured flap-track beam assemblies for Airbus A320 family as a global single-source basis as a tier-2 supplier, from 2010. As part of the agreement, the Indian firm will be the single-source supplier of flap-track beams for the wide-body Airbus A330 family planes, the company said.

With this deal, Dynamatic has emerged as a tier-1 supplier to Airbus. “Through these partnerships, we can proudly claim that there’s a bit of Made in India in all our aircraft programmes,” Dwarakanath said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 17 2015. 00:39 IST