ABU DHABI, United Arab Emirates
April 17, 2012
/PRNewswire/ -- Boeing (NYSE: BA) and Mubadala Aerospace today announced a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace's advanced composite aerostructures facility in
, 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
-based Mubadala Development Company, a business development and investment vehicle of the
government, to advance the commercial aviation industry in the
United Arab Emirates
(UAE) and further
'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
, 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."
"This is an important milestone for Strata," said Mubadala Aerospace Executive Director Homaid Al Shemmari. "The signing of this agreement, here at the Global Aerospace Summit in
, is testament to how far Strata has come as a company in the short 18 months it has been operational. Mubadala Aerospace is developing a world-class - and crucially - sustainable aerospace industry in the UAE, and Strata is at the heart of this development."
In Boeing's first direct composites supplier contract in the Arab world, Strata will manufacture empennage ribs for the 777 and vertical fin ribs for the 787 Dreamliner. Boeing has already begun to provide tooling, operational early training and other support for those work packages, and Strata's deliveries of those components are scheduled to begin in 2013. In addition, based on its competitiveness and performance, Strata is positioned to become a future supplier of the 787 vertical fin assembly.