Dynamatic Technologies Limited has informed the Exchange regarding a press release dated March 03, 2026, titled "Press Release - Hutchinson and Dynamatic Technologies join forces to supportthe rise of India s aerospace industry".
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Dynamatic Technologies has signed a Memorandum of Agreement with France-based Hutchinson SA, a large industrial group with €5 billion in revenue and 40,000 employees across 25 countries. The partnership combines Hutchinson's expertise in advanced composites and multi-material systems with Dynamatic's strengths in metallic aero-structures and assemblies. As a first step, Dynamatic will award Hutchinson its first composite parts work package, while Hutchinson will award Dynamatic a multi-year metallic parts contract. The collaboration targets the rapidly growing Indian aerospace market and aims to serve global aerospace OEMs. Both CEOs have described it as a transformative step for the global aerospace supply chain and India's manufacturing ecosystem.
Positive for Dynamatic shareholders — a marquee global partner (Hutchinson) brings scale, technology, and credibility, opening doors to larger composite and metallic work packages from global OEMs and reinforcing Dynamatic's position in India's fast-growing aerospace sector.