Dynamatic Technologies up 9% on deal with BELL Helicopter
The estimated business volume of the agreement is approximately $90 million over a seven year period with options to extend through the life of the product.
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Dynamatic Technologies has soared 9% to Rs 2393 on NSE after the company said it signs agreement with BELL Helicopter, a Textron Inc, company, as a single source supplier of major airframe assemblies for BELL 407 GX.
On November 13, 2014 signed a global outline agreement with BELL Helicopter, a Textron Inc., company as a single source supplier of major airframe assemblies for the BELL 407 GX, Dynamatic Technologies said in a statement.
The estimated business volume of the agreement is approximately $90 million (approximately Rs 550 crore) over a seven year period with options to extend through the life of the product.
The stock opened at Rs 2,310 and hit a high of Rs 2,417 on NSE. A combined 24,711 shares changed hands till 1049 hours on NSE and BSE.
On November 13, 2014 signed a global outline agreement with BELL Helicopter, a Textron Inc., company as a single source supplier of major airframe assemblies for the BELL 407 GX, Dynamatic Technologies said in a statement.
The estimated business volume of the agreement is approximately $90 million (approximately Rs 550 crore) over a seven year period with options to extend through the life of the product.
The stock opened at Rs 2,310 and hit a high of Rs 2,417 on NSE. A combined 24,711 shares changed hands till 1049 hours on NSE and BSE.
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First Published: Nov 14 2014 | 10:53 AM IST