Mubadala's Strata, Leonardo extend partnership
Strata Manufacturing, the advanced composite aerostructures 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 winwin cooperation scheme.
Building on the strategic partnership between Leonardo and Mubadala, the Abu Dhabibased 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.