Mubadala launches plane parts venture

15 June 2009

Mubadala Development says it has formed a new company (Strata) that will manufacture advanced composite aerostructures including fairings, ailerons, spoilers and assemblies for Airbus and ATR regional aircraft beginning in 2010. Construction of the composites plant will begin June 29th, while manufacturing will start in Q4 2010. Strata has formed industrial partnerships with leading aerospace companies EADS, Airbus, FACC and Alenia Aeronautica - a Finmeccanica company, and has initial contracts with them for more than $2bn.

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