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Monday, 5 December 2016

Mubadala Aerospace's Strata business to break even in 2018 - executive | Reuters

Mubadala Aerospace's Strata business to break even in 2018 - executive | Reuters:
"Strata, the manufacturing business of Abu Dhabi's state-owned Mubadala Aerospace, expects to break even in 2018, a senior executive said on Monday.

Strata is part of the United Arab Emirates' efforts to diversify away from hydrocarbons. The government hopes to use companies such as Strata to build up industry and high-tech manufacturing.

The company, which was established in 2009 and started production in 2010, has an aero parts manufacturing facility in Al Ain, an oasis town within the Abu Dhabi emirate, producing aircraft components for Airbus, Boeing and others."

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