Boeing Awards Direct Contract to Mubadala Aerospace’s Strata Facility

According to the press release, “Boeing and Mubadala Aerospace today announced a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace’s advanced composite aerostructures facility in Al Ain, to produce commercial composite aerostructures for the 777 and 787 Dreamliner. In addition, the companies announced a strategic agreement that positions Strata to be a future supplier of the vertical fin for the Dreamliner, a major composite assembly for Boeing’s most advanced airplane program.

These milestones grow the strong relationship between Boeing and Mubadala, a business unit of the Abu Dhabi-based Mubadala Development Company, a business development and investment vehicle of the Abu Dhabi government, to advance the commercial aviation industry in the United Arab Emirates (UAE) and further Abu Dhabi’s plans to become a global aerospace hub, a key part of the Emirate’s economic diversification plans.

“The UAE is one of Boeing’s most important commercial and defense customers, and its leaders have transformed its economy with aerospace investment and development,” said Jim Albaugh, President and CEO of Boeing Commercial Airplanes. “Boeing has been committed for several years to build a partnership with Mubadala Aerospace that brings long-term, mutual benefits to both companies. And we’re pleased that its company, Strata, will now support production of the breakthrough 787 Dreamliner and the 777, an airplane that already plays an essential role in the success of our customers.””

Read more: Boeing Press Release



Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute


 
institutional investor investment mandates