Mubadala Aerospace yesterday announced a US$1 billion (Dh3.67bn) contract to build major sections for the Boeing 777 and 787 Dreamliner airliners at its Strata Manufacturing plant in Al Ain.

The announcement, which dominated yesterday's Global Aerospace Summit in Abu Dhabi, makes Mubadala the Arab world's first direct supplier of composites to the US aircraft maker. Mubadala Aerospace is a division of Mubadala Development, a strategic investment company owned by the Abu Dhabi Government.

"Boeing and Mubadala Aerospace announce a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace's advanced composite aerostructures facility in Al Ain, to produce commercial composite aerostructures for the 777 and 787 Dreamliner," the companies said.. http://www.thenational.ae/thenationalconversation/industry-insights/aviation/mubadala-in-1bn-deal-as-supplier-to-boeing