Business | Aviation
Abu Dhabi to produce aircraft parts
Mubadala Development Company, Abu Dhabi government's investment arm, and Italian aerospace company Finmeccanica on Sunday said they will manufacture aerospace composite components for civil aircrafts at the recently announced Abu Dhabi-based composites plant.
- Staff Report
- Published: 00:55 October 21, 2008
Dubai: Mubadala Development Company, Abu Dhabi government's investment arm, and Italian aerospace company Finmeccanica on Sunday said they will manufacture aerospace composite components for civil aircrafts at the recently announced Abu Dhabi-based composites plant.
Alenia Aeronautica, a subsidiary of Finmeccanica, will provide technology, technical assistance and specialised training as well as transfer composite aero-structure manufacturing work to the new composites plant.
Alenia Aeronautica will also provide support to develop the manufacturing processes that are needed for international industrial certifications. Activities will begin this year and are expected to reach capacity by 2011.
Flaps and stabilisers
Earlier this year, Mub-adala unveiled its plans to manufacture hi-tech aero-structures composite components in Abu Dhabi. It is projected that by 2010 the plant will manufacture components such as spoilers, flap-track fairings and, through this agreement, will develop primary structures including outboard flaps, horizontal and vertical stabilisers.
"Mubadala's commercial strategy to evolve the Emirate of Abu Dhabi's existing aerospace industry into a global aerospace hub is progressing quickly," Waleed Al Mokarrab Al Muhairi, chief operating officer of Mubadala, said in a statement.
Consolidating presence
"Technology and innovation are strong qualities that Finmeccanica brings to our partnership and Alenia Aeronautica has built some of the most sophisticated aircraft in the world. Manufacturing is a key component of our aero-space portfolio and their expertise fits well with our plans."
Pier Francesco Guarguaglini, chairman and chief executive of Finmeccanica, said, "This agreement is part of the group's strategy to develop new alliances and consolidate our presence throughout the world, and in the Middle East in particular. Mub-adala represents a prestigious partner with extensive resources and the business expertise."
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