06 May 2012
06 May 2012
Boeing awarded a contract valued at $1 billion over 10 years to Mubadala Aerospace’s composite aerostructures unit, which will produce aircraft parts, as the Middle East expands its role as an aviation hub.
Mubadala say the parts will be made at the Strata Manufacturing site in Al Ainand Strata, a subsidiary of the Mubadala investment fund in Abu Dhabi, will make empennage ribs for the 777 and vertical fin ribs for the 787 Dreamliner, and deliveries are expected to start in 2013.
The deal is “comparative to the existing deal with Airbus which is in the range of $1 billion,” Mubadala Aerospace Executive Director Homaid al-Shemmari explains.
According to Boeing and Mubadala they may in future cooperate on “military maintenance and sustainment activities, as well as pilot training and people development.”
Strata already manufacture composite parts for Airbus SAS 330 wide-body jet at its factory.
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