Components manufacturer Strata has won two contracts with European planemaker Airbus with a combined value of more than $1 billion, it said at the Farnborough Airshow on Wednesday.
Strata Manufacturing, owned by Abu Dhabi investment firm Mubadala, said it would become a source for the Airbus A320 horizontal tail plane (HTP) and A350-900 inboard flaps.
Badr Al Olama, CEO, Strata said: "We are proud of our longstanding partnership with Airbus, and are privileged to be manufacturing components on Airbus' A330, A350 and A380 aircrafts.
"Looking ahead, and building on our latest contracts with Airbus signed today, we are confident in our ability to continue strengthening our competiveness, growing our national workforce and playing a key role in Abu Dhabi and Al Ain's positioning as a global aerospace hub."
As part of the contract, Strata will manufacture Airbus A320 horizontal tail plane, which is a primary part of the aerostructure that is located on the empennage of the aircraft. The purpose of the HTP is to provide stability and control.
Additionally, Strata will manufacture inboard flaps for the Airbus A350-900 wings that will extend over the life of Airbus' most technologically advanced aircraft to date. Inboard flaps are mounted on the trailing edge of the wing to increase the surface of the wing during takeoff and landing, and improve stability during flight.
Strata will manufacture composite components, perform assembly of the components and manage its supply chain from its facility in the Nibras Al Ain Aerospace Park, where it is expanding its capabilities to meet the growing demands of aircraft manufacturers.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.