Business

November 18, 2013

Boeing, Mubadala sign new agreement expanding UAE aerospace manufacturing

Boeing and Mubadala Development Company (Mubadala) announced Nov. 18 a new strategic agreement that will increase the long-term role of Mubadala as a Tier 1 supplier to Boeing.

Through their agreement, signed at the 2013 Dubai Airshow, Mubadala has the opportunity to supply as much as $2.5 billion in advanced composites and machined metals to Boeing commercial programs, including the 787 and 777X.

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.

This latest agreement advances the strong relationship between Boeing and Mubadala and reflects the UAE’s expanding role in aerospace industry manufacturing. As previously announced, 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,” said Ray Conner, Boeing Commercial Airplanes President and CEO. “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.”

Homaid Al Shemmari, Executive Director of Mubadala Aerospace, Communications Technology & Defense Services, said, “Today’s agreement further strengthens our relationship with Boeing, and provides an important platform as we continue to develop our role as a significant supplier to Boeing of composite aerostructures, and develop Strata into a major Tier 1 industry supplier.”

At the 2009 Dubai Airshow, Boeing and Mubadala signed a Strategic Framework Agreement to develop mutually beneficial initiatives in areas of strategic mutual alignment, including composites manufacturing and people development. At the 2011 Dubai Airshow, the companies announced that Strata Manufacturing would supply composite aerostructures to Boeing and defined a strategic roadmap whereby, through performance and competitiveness, Strata would become a Tier 1 supplier to Boeing. In 2012, Boeing and Mubadala announced that Strata would produce 777 empennage ribs and 787 vertical fin ribs and was positioned to build the vertical fin for the Dreamliner.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines September 29, 2014

News: U.S. military limits warplanes used for Islamic State bombingsĀ - The U.S. is relying mostly on warplanes already positioned in the region for its air war against the Islamic State, as opposed to dispatching a major buildup of aerial forces that happened in previous campaigns.   Business: At DOD, it’s use-it-or-lose-it seasonĀ - As fiscal 2014...
 
 

News Briefs September 29, 2014

Navy awards ship design grant to UNO The University of New Orleans has received a $210,000 grant from the Navy s Office of Naval Research to test information gathering and analysis techniques intended to improve warship design. The goal for warship designers is to produce a vessel that can be repurposed numerous times throughout its...
 
 
Courtesy photograph

TACP-M ties it all together

Air National Guard photograph by SSgt. Lealan Buehrer Tactical air control party specialists with the 169th Air Support Operations Squadron survey an enemy-controlled landing zone before calling in close-air support Aug. 14, 20...
 

 
Air Force photograph by A1C Thomas Spangler

Nellis aggressor squadron inactivated

Air Force photograph by A1C Thomas Spangler SSgt. Justin White signals to Maj. Sam Joplin to begin taxiing a 65th Aggressor Squadron F-15 Eagle to the runway Sept. 18, 2014, at Nellis Air Force Base Nev. The roles and responsib...
 
 
Army photograph by SSgt. Mary S. Katzenberger

82nd Airborne helps commemorate 70th Anniversary of Operation Market Garden

Army photograph by SSgt. Mary S. Katzenberger A paratrooper assigned to the 82nd Airborne Division, reflects near the grave of a British paratrooper at the Arnhem Oosterbeek War Cemetery, Sept. 14, 2014, in the Netherlands. The...
 
 

Raytheon awarded $251 million Tomahawk missile contract

The U.S. Navy has awarded Raytheon a $251 million contract to procure Tomahawk Block IV tactical cruise missiles for fiscal year 2014 with an option for 2015. The contract calls for Raytheon to build and deliver Tomahawk Block IV cruise missiles to the U.S. Navy and U.K. Royal Navy. Raytheon will also conduct flight tests...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>