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.
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.”