Thank you for reading the news about Mubadala's Strata, Leonardo extend partnership and now with the details
Aden - Yasmine El Tohamy - Companies to leverage collective engineering experience, production capabilities to spearhead new technology
Strata Manufacturing, the advanced composite aero-structures manufacturing company wholly owned by Mubadala Investment Company, and Leonardo have extended their 10-year association by signing a memorandum of understanding to collaborate on the development and fabrication of composite aero-structure components for major OEM programmes.
The agreement will see Strata and Leonardo work to expand their presence in the global aero-structures sector by leveraging their collective engineering experience and production capabilities to spearhead new technology development.
The MoU covers the provision of technical support services and knowledge exchange from Leonardo, a global high-technology leader ranking among the world's top 10 aerospace, defence and security players.
"Strata's main goal is to ensure that the company delivers high-quality components to the world, reflecting the value of the 'Made with Pride in UAE' brand," said Ismail Ali Abdulla, CEO of Strata.
"The core objective of the MoU is to grow our mutual business in global OEM programmes. This will be achieved by fostering strategic new opportunities to enhance Strata's technological knowledge and capabilities - both key factors in driving the UAE's knowledge-based economy and empowering the next generation of Emirati engineering pioneers," he continued.
"After more than 10 year of Strata's contribution to the ATR program, Leonardo is committed to its strategic ongoing collaborations with Strata," said Giancarlo Schisano, Leonardo's aero-structures division managing director.
"Our engineering capabilities and advanced technology processes will be a key success factor to capture new business opportunities in a win-win cooperation scheme.
Building on the strategic partnership between Leonardo and Mubadala, the Abu Dhabi-based global investor, established in 2009. Supported by the Tawazun Economic Council under the Tawazun Economic programme, both Strata and Leonardo are advancing the commercial aviation industry in the UAE, in line with promoting Abu Dhabi as a global aerospace hub to diversify its economy. Strata is the first composite aero-structures supplier to Leonardo in the Arab world.
In addition to Leonardo, Strata serves other leading aircraft manufacturers, such as Airbus, Boeing and Pilatus. Based at Nibras Al Ain Aerospace Park, Strata supports the development of a leading aerospace hub in Abu Dhabi as part of the emirate's economic diversification plan.
These were the details of the news Mubadala's Strata, Leonardo extend partnership for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Khaleej Times and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.