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Dynamatic Technologies has signed a strategic collaboration agreement with Hindustan Aeronautics Limited (HAL) and Israel Aerospace Industries (IAI). This partnership between HAL, IAI and DTL would be the first in the country to manufacture IAI-designed UAVs, it said in a notice to the stock exchanges.
This collaboration will enhance technology sharing and business partnership between India and Israel. Shares of Dynamatic Technologies closed 1.23 per cent higher at ₹1,184.85 on the NSE.
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