Mubadala Aerospace and Boeing Advance Relationship with Agreements on Aerostructures and Military Sustainment

• Strata Manufacturing positioned to become direct supplier of composite aerostructures
• AMMROC and Boeing Defense, Space & Security announce strategic agreement to support UAE military aviation platforms

 

DUBAI, United Arab Emirates, Nov. 14, 2011 -- Boeing [NYSE: BA] and Mubadala Aerospace, a business unit of the Abu Dhabi-based Mubadala Development Company, a business development and investment vehicle of the Abu Dhabi government, today announced agreements to advance the commercial and military aviation industry in the United Arab Emirates (UAE). These milestones further Abu Dhabi's plans to become a global aerospace hub, a key part of the Emirate's economic diversification plans, and grow the strong relationship between the two companies.

 

The commercial and defense agreements announced today build on a framework agreement Boeing and Mubadala Aerospace signed in November 2009 to show their commitment to develop mutually beneficial initiatives in areas where there is strategic alignment between the two companies. Future partnership initiatives could include additional manufacturing, military maintenance and sustainment activities, as well as people development and training.

 

"These strategic agreements represent the natural evolution of the longstanding military and commercial aerospace collaboration between Boeing and the UAE," said Mubadala Aerospace Executive Director Homaid Al Shemmari. "Mubadala Aerospace is proud to expand this partnership with Boeing and feel that this agreement shows confidence in the outstanding results that Strata Manufacturing and AMMROC offer for its customers and partners."

 

Jim McNerney, Chairman, President, and CEO of The Boeing Company, said: "These important agreements will strengthen the businesses of both Mubadala and Boeing. Building on the strategic framework we and Mubadala announced at the last Dubai Airshow, we are now demonstrating our solid commitment to our partner, the UAE and the Middle East region. These agreements are a reflection of Mubadala's outstanding capabilities and pave the way for an ever stronger relationship in the years to come."

 

Strata and Boeing Commercial Airplanes

Boeing Commercial Airplanes (BCA) and Strata Manufacturing (Strata), Mubadala Aerospace's advanced composite aerostructures facility in Al Ain, agreed to establish Strata as a composite aerostructures supplier to Boeing. The agreement also defines a strategic roadmap whereby through performance and competitiveness, Strata stands to become a major Tier 1 supplier to Boeing.

 

"We see Mubadala Aerospace as a true partner who shares our goal of building tomorrow's airplanes today," said Boeing Commercial Airplanes President and CEO Jim Albaugh. "Boeing is impressed with Strata's vision for establishing globally competitive capabilities and performance, and this agreement position our companies to deliver significant benefits to our stakeholders."

 

"Strata is honored to further our partnership with Boeing and is proud to be a part of the team constructing these magnificent aircraft," said Strata Chief Executive Officer Ross Bradley.

 

AMMROC and Boeing Defense, Space & Security

The Advanced Military Maintenance Repair and Overhaul Center (AMMROC), a Mubadala Aerospace company, announced that it is working in partnership under a strategic agreement with Boeing Defense, Space & Security to provide support to military aviation platforms in the UAE. Under the strategic agreement, AMMROC and Boeing are working together to ensure the right support infrastructure is in place for the operational readiness of UAE Armed Forces aircraft including Boeing-built Apaches, Chinooks and C-17s in its fleet.

 

"Boeing is a key strategic partner for AMMROC and the wider Mubadala Aerospace family and we are pleased to be working with them on this important contract," said AMMROC Chief Executive Officer Fahed Al Shamesi.

 

"Boeing brings strong international experience in delivering affordable, reliable logistics, sustainment, as well as maintenance, repair and overhaul solutions to maximize global readiness for its customers," said Boeing Defense, Space & Security President and CEO Dennis Muilenburg. "We'll draw on that experience as we work in cooperation with AMMROC to support its vision to become a military MRO center of excellence. This further demonstrates our long term commitment and partnerships in the UAE."

 

Efforts by a joint AMMROC and Boeing team are well under way to propose life-cycle sustainment solutions for the current suite of Boeing platforms operated by the UAE Armed Forces. The team is also identifying additional capabilities that need to be established within AMMROC to deliver these services. AMMROC and Boeing expect that much of this capability will be established at AMMROC's planned Al Ain facility.