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July 2017

Dynamatic Technologies, IAI & Elcom sign Strategic Teaming Agreement for Industrial Cooperation and local production of Unmanned Aerial Systems in India, during historic visit of Prime Minister Shri Narendra Modi to Israel

O06 July 2017- Today, on the sidelines of Prime Minister Shri Narendra Modi's historical visit to Israel, Dynamatic Technologies Ltd (DTL), Israel Aerospace Industries Ltd. (IAI), and Elcom Systems announced their strategic cooperation, to jointly address the needs of the Indian UAV market, under the "Make in India" initiative of the Indian Government. This announcement followed the signing of a cooperation agreement by the companies, regarding production, assembly and support of UAVs in India.

UAVs represent truly 'disruptive technology', which is going to exploit the advances made in information and communication sciences and have the potential to change our military's ability to wage full spectrum warfare, without endangering troops on the front line. This Strategic Agreement is an important milestone for the vision of Government of India, towards 'Make in India' initiative and modernisation of the Indian Military, thus, bringing together the world's largest producer of Unmanned Systems and India's premier Aerospace and Defence Manufacturing Company, to produce the world's most advanced Unmanned Aerial Systems in India. This will not only involve creating a state of the art UAV manufacturing facility in India but also creating a 'high tech training centre', which will create the requisite talent pool, for this growing industry.

Mr. Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited, signs historic teaming between IAI and Elcom Systems for manufacture of UAVs under 'Make In India'

Speaking on the occasion, Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies, who is a part of the Indian CEO's delegation to Israel, said, "This Strategic Agreement with IAI, for local manufacture of Medium Altitude Long Endurance (MALE) UAVs, will deepen Dynamatic's commitment to create a world class UAV enterprise in India. Dynamatic and IAI have already partnered, earlier this year, for manufacture of Mini UAVs, under the 'Make in India' initiative of the Government of India. Dynamatic has a proven track record for indigenisation of strategic manufacturing, in sectors like Aerospace and Defence, and this partnership is a convergence of Technology, Manufacturing Excellence and Local Skill-Building, which is going to be the key driver for 'Make in India' to succeed."

Dynamatic Technologies designs and builds highly engineered systems and sub systems for Aerospace, Automotive and Hydraulics Industry and has been associated with the Indian MoD and the DRDO for over two decades, on a number of strategic programs. The company has won several awards including, "Indigenisation of Defence Equipment" in 2002 and "Creative Partnership with DRDO" in 1998-99. It is India's only private sector company having one of its manufacturing facilities co- located with HAL, a public sector enterprise. In addition, Dynamatic is TIER 1 supplier to Boeing, Airbus and BELL Helicopters.

"India is one of IAI's main strategic customers for 25 years; hence our relationship with Indian users, customers, and companies is critical. It is, therefore, our intention to transfer a significant part of our UAV activity to India, in the near future, in accordance with the "Make in India" policy. We are delighted to extend our partnership with Dynamatic and welcome our new partner Elcom and jointly offer best-of-breed solutions for India" said Shaul Shahar, IAI Executive Vice President and General Manager of IAI's Military Aircraft Group.

Israel Aerospace Industries (IAI) is a globally recognized leader in the delivery of state-of-the-art systems for the defence and commercial markets. IAI offers unique solutions for a broad spectrum of requirements in space, air, land, sea, cyber, and HLS.

"Elcom Systems is delighted to be able to partner with Israel Aerospace Industries and Dynamatic Technologies to offer MRO, Modernization & Upgradation and Training services to IAI's fleet of remote piloted aircraft that is already in service in India, for over two decades. This will enhance IAI's ability to increase its already high serviceability levels for its UAVs as also further the Government of India's "Make in India" vision. Elcom also looks forward to partner with IAI and Dynamatic in future programs in India, both in the area of MRO as well as manufacturing of electronics systems and sub- systems, in which area it is an established vendor" commented Shiv Vikram Khemka, Shareholder, Elcom Systems Pvt Ltd, who is also a part of the Indian CEO's delegation to Israel.

ELCOM is a company engaged in indigenous product development, technology platforms, manufacturing, testing and services, in the field of electronics and communications, for global and Indian clients, including the Government of India; and is part of an Indian conglomerate of companies, which is majority owned by the Khemka family and is engaged in several businesses including, inter alia, information technology, telecommunications, aerospace, real estate, natural resources, renewable energy and investments.

Mr. Joseph Weiss, IAI President & CEO, Mr. Shaul Shahar, IAI EVP and General Manager of IAI's Military Aircraft Group and Mr. Udayant Malhoutra, CEO & Managing Director, Dynamatic Technologies Limited, agreement signing ceremony at Aero India 2017.



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