Dynamatic Technologies and AeroVironment Inc. (NASDAQ: AVAV), a world leader in Unmanned Aircraft Systems, have signed a Teaming Agreement to address the growing global demand for Unmanned Aircraft Systems. The agreement provides for the manufacture of UAVs in India, which will enable Dynamatic Technologies and AeroVironment to work together on a number of business opportunities for potential customers including the Ministry of Defence and the Ministry of Home Affairs.
Dynamatic Technologies is a demonstrated leader in the Indian private sector for Aerospace and Defence products, having partnered with the Ministry of Defence and its associated agencies like Hindustan Aeronautics Limited on key projects including the Sukhoi Su-30MKI Fighter Bomber, the IJT-36 Intermediate Jet Trainer, and the Lakshya Pilotless Target Aircraft.
“Teaming with AeroVironment is strategic to our efforts to build capabilities in the Aerospace Segment” said Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited “The combination of AeroVironment’s technical capabilities and unmatched experience in Unmanned Aircraft Systems and Dynamatic’s precision engineering capabilities, along with the strong brand equity of both Companies, will facilitate the availability of world-class UAVs”
With over 24,000 UAVs delivered worldwide, AeroVironment has the largest operational deployment of UAVs in the world and its products are extensively used by the military forces of the United States and 24 other countries.
“This teaming agreement is a key component of AeroVironment’s continued international growth,” said Roy Minson, AeroVironment Senior Vice President and General Manager of the company’s unmanned aircraft systems business segment. “We believe that Dynamatic Technologies’ successful track record makes them an ideal teammate for introducing our leading small unmanned aircraft systems to this market,”