Bell Helicopter, a part of Textron Inc of the USA, has signed a memorandum of understanding with Bangalore-based Dynamatic Technologies under which Dynamatic will act as a sub-contractor for the Bell 407 air frame cabin assembly, air frame components and Details.
The estimated business volume of the work proposed is approximately $243 million over a ten-year period starting in 2013.
''Bell Helicopter is pleased to continue to invest in India,'' said Rishi Malhotra, Bell's general manager in India. ''This is an important step forward in expanding our customer service, engineering and manufacturing capabilities in India. Bell Helicopter has had a presence in India for nearly 20 years.''
He said India represents a significant growth opportunity for both sales and manufacturing.
Dynamatic has already qualified itself as an eco-system of sub-tier suppliers under the Bell Production System and has commenced trial production of airframe components and detailed parts.
Commercial production, which is scheduled to start shortly at the company's aeronautic manufacturing facilities at Dynamatic Park Peenya, will be undertaken at Dynamatic Aerotropolis, Devanahalli, in the last quarter of 2013.
The MoU, which is an important milestone in India's rise as an industrial partner to the global aerospace industry, will build upon Dynamatic's existing relationships with Airbus, Boeing, Spirit AeroSystems (Europe) Ltd and Hindustan Aeronautics Ltd and further strengthen its leadership position in the Indian aerospace industry, a release from Bangalore said.