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Dynamatic Technologies, IAI and Elcom Systems ink cooperation pact

06 Jul 2017 Evaluate

Dynamatic Technologies, Israel Aerospace Industries (IAI), and Elcom Systems have entered into strategic cooperation, to jointly address the needs of the Indian UAV market, under the ‘Make in India’ initiative of the Indian Government. UAVs represent truly ‘disruptive technology’, which is going to exploit the advances made in information and communication sciences and have the potential to change our military’s ability to wage full spectrum warfare, without endangering troops on the front line.

This Strategic Agreement is an important milestone for the vision of Government of India, towards ‘Make in India’ initiative and modernisation of the Indian Military, thus, bringing together the world’s largest producer of Unmanned Systems and India's premier Aerospace and Defence Manufacturing Company, to produce the world’s most advanced Unmanned Aerial Systems in India. This will not only involve creating a state of the art UAV manufacturing facility in India but also creating a ‘high tech training centre’, which will create the requisite talent pool, for this growing industry.

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. It has two state-of-the-art manufacturing facilities, located in Bangalore, India, and Swindon, U.K.

Dynamatic Tech Share Price

10328.45 5.30 (0.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1764.10
KSB 966.60
Shakti Pumps (I) 573.95
Elgi Equipments 549.00
Kirloskar Pneumatic 1264.85
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