Boeing and Mubadala partner to expand UAE aerospace manufacturing
DUBAI, U.A.E., 18 Nov. 2013. Mubadala Development Company has the opportunity to supply as much as $2.5 billion in advanced composites and machined metals to Boeing [NYSE:BA] commercial programs, including the 787 and 777X, under a new strategic agreement.
Boeing and Mubadala have also agreed to work together to develop pre-preg and carbon fiber manufacturing capabilities in the Emirate of Abu Dhabi. This will support the ongoing development of the aerostructures industry and create raw-materials capabilities in the United Arab Emirates. The agreement, expected to increase the long-term role of Mubadala as a Tier 1 supplier to Boeing, was signed at the 2013 Dubai Airshow.
This latest agreement advances the strong relationship between Boeing and Mubadala and reflects the UAE’s expanding role in aerospace industry manufacturing.
Strata Manufacturing, a Mubadala subsidiary, is also positioned to be a supplier of the 787 Dreamliner vertical fin. Boeing and Mubadala remain committed to continue their close cooperation to develop Emirati aerospace capabilities.
“Boeing is pleased to expand our relationship with Mubadala, a company that is committed to creating globally competitive and strategic aerospace capabilities in the UAE,” says Boeing Commercial Airplanes President and CEO Ray Conner. “We support our customers by leveraging the world’s talent and resources in ways that build a more capable, competitive supply chain for our products.”
Courtney E. Howard | Chief Editor, Intelligent Aerospace
Courtney enjoys writing about all things high-tech in PennWell’s burgeoning Aerospace and Defense Group, which encompasses Intelligent Aerospace and Military & Aerospace Electronics. She’s also a self-proclaimed social-media maven, mil-aero nerd, and avid avionics and space geek. Connect with Courtney at Courtney@Pennwell.com, @coho on Twitter, on LinkedIn, and on Google+.