BANGALORE, India, Feb. 8, 2007 (PRIME NEWSWIRE) -- Officials of Northrop Grumman Corporation (NYSE:NOC) and Dynamatic Technologies Limited, Bangalore, today signed a memorandum of understanding, establishing a collaborative relationship for exploring joint new business opportunities related to India's national defense requirements.
"We look forward to working closely with Dynamatic Technologies to help meet the advanced technology aerospace and defense product and service needs identified by the Indian ministry of defense," said Brian J. Morra, sector vice president of business development and strategic planning for Northrop Grumman's Electronic Systems sector, a world-leading provider of advanced military radar, electronic warfare and other avionics systems.
"Given the growing requirements developing in the Indian forces, we are delighted to be working with Northrop Grumman to identify and pursue opportunities to serve India's defense needs," said Udayant Malhoutra, CEO and managing director of Dynamatic Technologies Limited.
The formal agreement was signed in ceremonies at the Aero India air show and exposition, which is taking place through Feb. 11 at the Yelahanka Air Force Station in Bangalore.
Dynamatic Aerospace, a division of Dynamatic Technologies Limited, is a pioneer and a recognised leader in the Indian private sector for the development of complex aerostructures. Over the past decade, the company has closely partnered the Ministry of Defense, Hindustan Aeronautics Limited and other defense establishments on key projects, including the Lakshya, India's Pilotless Target Aircraft, HJT-36 Intermediate Jet Trainer and the Sukhoi MKI 30 Fighter Bomber. Dynamatic Aerospace has the largest infrastructure in the Indian private sector for manufacture of exacting air frame structures and precision aerospace components. This is the first time such capabilities have been built in the Indian private sector. The company is now consolidating its position with collaborations with major international aerospace contractors on exports initiatives.
Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.