Dynamatic Technologies Limited signs an MoU with Ferra Engineering and its domestic counterpart.
Story so far: Ferra Aerospace India has signed a Memorandum of Understanding (MoU) through Queensland-based Ferra Engineering Australia with Dynamatic Technologies Limited, Bengaluru.
- It was inked in the presence of Queenlands’ Treasurer and Minister for Trade Cameron Dick’s presence, among other officials.
- The partnership is a step forward in improving Ferra Aerospace’s scale and wherewithal in strategic aerospace manufacturing.
Why it matters? For Ferra Engineering, the deal is an opportunity to diversify its economy. It will also bolster the industrial base of the firm’s Indian arm. For Dynamatic Technologies Ltd, it is a window to use state-of-the-art facilities and develop aerospace parts.