Abu Dhabis Strata has won two contracts from Frances Airbus worth in excess of $1bn for the supply and assembly of additional composite aero-structures.
Strata, a subsidiary of Abu Dhabi investment arm Mubadala Development Company, will be supplying Airbus with composite materials for the horizontal tail plane (HTP) of the Airbus A320 as well as inboard flaps (IBF) for the A350-900, according to a company statement.
Built and qualified in 2010, Stratas manufacturing facilty in Al-Ain has a built-up area of 31,500 square metres. It features a core cutting machining room, a contamination-controlled area or clean room, an autoclave, a computer numerical control room, a non-destructive testing room and a paint shop, in addition to an assembly line.
The HTP is an aero-structure that enhances a planes stability and control, while the wing-mounted IBF increases the surface area of the wing during takeoff and landing.
In addition to Strata, Mubadalas other subsidiaries include Aldar Properties, Dunia Finance, Dolphin Energy, Mubadala Petroleum, Emirates Global Aluminium and Tabreed. Its global portoflio is estimated at $67.1bn.
In June, Mubadala and International Petroleum Investment Company (Ipic) announced a plan to merge to save costs.
Ipic is working on $14bn of hydrocarbons storage, refining and petrochemicals projects in the UAE and wider Middle East. Progress on the schemes has been slow for the last year. They include the Fujairah refinery, the Duqm refinery in Oman, and Emirates LNG, in joint venture with Mubadala.