Mubadala signs Airbus wing deal

16 November 2009

Mubadala Aerospace, a unit of Abu Dhabi's state-owned investment firm Mubadala Development, has signed two contracts to provide wing panels for Airbus SAS's wide-body planes, Bloomberg has reported. The agreements call for Mubadala's Strata plant to make carbon fibre panel skins for aircraft ailerons from 2011. Airbus is currently producing eight wide-body planes a month.

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