Abu Dhabi's Strata signs contracts worth $1bn with Airbus at Farnborough Airshow

Strata has signed US$1billion worth of contracts with Airbus at the Farnborough Airshow, for the manufacture of composite components and completed major assemblies for the company’s aircraft. Under the terms of the contracts, Strata will manufacture the horizontal tail plane for the Airbus A320, and inboard flaps for the Airbus A350-900. Strata, owned by Abu […]

Strata has signed US$1billion worth of contracts with Airbus at the Farnborough Airshow, for the manufacture of composite components and completed major assemblies for the company’s aircraft.

Under the terms of the contracts, Strata will manufacture the horizontal tail plane for the Airbus A320, and inboard flaps for the Airbus A350-900.

Strata, owned by Abu Dhabi government investment firm Mubadala, will manufacture and assemble the components at its facility in the Nibras Al Ain Aerospace Park in the UAE.

The contracts follow an agreement struck last year between the two companies for the manufacture of wing tips for the Airbus A330/340 and flap tracks for the A380 superjumbo.

“We are proud of our longstanding partnership with Airbus, and are privileged to be manufacturing components on Airbus’ A330, A350 and A380 aircrafts,” said Strata’s chief executive Badr Al Olama.

“Looking ahead, and building on our latest contracts with Airbus signed today, we are confident in our ability to continue strengthening our competitiveness, growing our national workforce and playing a key role in Abu Dhabi and Al Ain’s positioning as a global aerospace hub.”​

jeverington@thenational.ae

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Source: Business

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