February 2017
Dynamatic and Israel Aerospace Industries Sign a Cooperation Agreement on Mini UAVs in India

On 15th February 2017, Dynamatic Technologies Limited (DTL) and Israel Aerospace Industries (IAI) have announced their cooperation to jointly address the needs of the Indian UAV market. This announcement followed a significant milestone with both companies signing a cooperation agreement regarding the production, assembly and support of mini UAVs in India, at the Aero India exhibition currently underway in Bangalore.

The agreement encompasses the transfer of technology and production capabilities from IAI to DTL to enable the indigenous capability for mini UAV systems for the benefit of Indian end-users and in support of the Indian government's "Make in India" initiative. The agreement can serve as a solid foothold for much broader collaboration between the parties in the field of UAVs in India, while retaining the continuity of existing programs and enabling the implementation of new ones.

Mr. Shaul Shahar, IAI EVP and General Manager of IAI's Military Aircraft Group: "India is one of IAI's main strategic customers; hence our relationship with Indian users, customers, and companies is critical. It is, therefore, our intention to transfer a significant part of our UAV activity to India in the near future, in accordance with the "Make in India" policy. We are delighted to join our new partner DTL and jointly offer best-of-breed solutions for India."

Mr. Udayant Malhoutra, CEO & Managing Director Dynamatic Technologies Ltd: “This partnership with IAI has the perfect elements essential to build a UAV enterprise in India, under the Government’s Make In India initiative. Dynamatic already manufactures major complex assemblies for global OEMs and we have already built a robust supply-chain ecosystem in India. This is the foundation upon which the industrialization of world-class UASs will be developed.”

Mr. Joseph Weiss, IAI President & CEO, Mr. Shaul Shahar, IAI EVP and General Manager of IAI's Military Aircraft Group and Mr. Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited, agreement signing ceremony at Aero India 2017.