Dynamatic Technologies has signed a long-term contract with Boeing Defense for building Aft Pylon and Cargo Ramp for Chinook CH-47.

Chinook CH-47 is a twin-engine, tandem rotor, heavy-lift helicopter.

“This contract is an extension of the existing programme where Dynamatic is supplying to global requirements as single source outside of Boeing. With this, the contract has been extended up to 2023,” the company said in a stock exchange filing.

Earlier, the company also announced that its aerospace division located in Bengaluru has been converted from Domestic Tariff Area (DTA) to an Export Oriented Undertaking (EOU) under the existing foreign Trade Policy 2015-2020.

“With this EOU certification, the company is now eligible to avail duty free imports and deemed export benefits to the extent transactions relate to the aerospace division,” it said.

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