Mubadala Development Co. (Mubadala), has a new agreement that will increase the UAE-based aerospace engineering company's role as a Tier 1 supplier to Boeing
Under the new agreement, signed at the 2013 Dubai Airshow, Mubadala has the opportunity to supply an estimated $2.25 billion in advanced composites and other aircraft components for the Boeing
787 and 777X.
"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," said Homaid Al Shemmari, executive director of Mubadala.
The agreement reflects the expanding role of the Middle Eastern aerospace manufacturing industry. Boeing also recently signed a supply agreement with [Mubadala subsidiary] Strata Manufacturing.