The commercial aircraft manufacturing business is a rarefied zone. It has two thrones, occupied by Airbus and Boeing. While these two companies assemble an aircraft, they source parts from outside. Even that sourcing space is a rarefied zone, with hierarchies. A company enters tier-two when it starts supplying to a subsidiary of Airbus or Boeing, which vets those parts before moving them on. It's a place for aspirants.
Tier-one is for those who have made it: companies that supply parts directly to Airbus and Boeing. It's a place where the promise of bigger, continuous paydays is palpable. It's a place where Dynamatic Technologies touched down with Airbus three months ago, with an order of $300 million (Rs 1,800 crore), giving this Rs 1,589 crore Bangalore-based engineering company new wings to realise an old dream of being a player of substance in the aircraft manufacturing business.
In the last six months, Dynamatic has also bagged a 600 crore order from Boeing and a Rs 1,500 crore order from Bell Helicopter. That's a total of 3,900 crore, to be executed over 10 years, to go with the Rs 2,000 crore of orders its aerospace division already has. Not bad for a company that, two decades ago, was a blueprint of passion in a small garage in Bangalore.
22/07/14 Jwalit Vyas/Economic Times
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Tier-one is for those who have made it: companies that supply parts directly to Airbus and Boeing. It's a place where the promise of bigger, continuous paydays is palpable. It's a place where Dynamatic Technologies touched down with Airbus three months ago, with an order of $300 million (Rs 1,800 crore), giving this Rs 1,589 crore Bangalore-based engineering company new wings to realise an old dream of being a player of substance in the aircraft manufacturing business.
In the last six months, Dynamatic has also bagged a 600 crore order from Boeing and a Rs 1,500 crore order from Bell Helicopter. That's a total of 3,900 crore, to be executed over 10 years, to go with the Rs 2,000 crore of orders its aerospace division already has. Not bad for a company that, two decades ago, was a blueprint of passion in a small garage in Bangalore.
22/07/14 Jwalit Vyas/Economic Times
