US airframer Boeing (NYSE: BA) and Middle Eastern aerospace firm Mubadala Development Co jointly announced 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 USD 2.5bn in advanced composites and machined metals to Boeing commercial programs, including the 787 and 777X.
Boeing and Mubadala said they 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 said they remain committed to continue their close cooperation to develop Emirati aerospace capabilities.
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.
Find out more at www.boeing.com.