Dynamatic Technologies to Partner BlueBird Aero Systems for Tactical Unmanned Aerial Vehicles

Dynamatic Technologies has signed a teaming agreement with BlueBird Aero Systems Limited, Israel, a global technology leader in the Tactical Unmanned Aerial Systems (UAS) industry, for the manufacturing, assembly and marketing of Mini and Micro Tactical Unmanned Aerial Vehicles (UAVs) in India.

BlueBird Aero Systems Limited is a specialist in the design, development and manufacture of tactical UAS solutions and offers a wide range of combat-proven UAS products and technologies to customers across the world. Bluebird's unique and patented technology delivers unprecedented products with unmatched performance.

The Teaming Agreement, which was signed on April 19, 2010, uniquely positions the Dynamatic®-BlueBird partnership to emerge as a dominant player in the Indian market for tactical UAVs. The agreement enables Dynamatic® to collaborate with potential customers like India's National Defence Forces, Homeland Security Forces, Police and Civilian Agencies by providing off-the-shelf combat proven and customized solutions for gathering real-time visual intelligence in remote and hostile environments, as well as real time monitoring and mapping capabilities for civilian applications.

The stock was trading at Rs.1156.10, up by Rs.11.20 or 0.98%. The stock hit an intraday high of Rs.1199 and low of Rs.1151.15.

The total traded quantity was 1521 compared to 2 week average of 16235.

Source : Equity Bulls

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