Abu Dhabi Seeks ‘Big Chunk’ of Work on Next Boeing, Airbus Jets - Bloomberg

Abu Dhabi Seeks ‘Big Chunk’ of Work on Next Boeing, Airbus Jets - Bloomberg:

"Abu Dhabi’s Mubadala sovereign wealth fund said its aerospace unit aims to become a risk-sharing partner of Airbus SAS and Boeing Co. on future plane programs as it develops an engineering-design capability.
Mubadala Aerospace plans to expand from build-to-print activities into design-to-build and take responsibility for 10 or 20 percent of an entire aircraft, executive director Homaid Abdulla Al Shemmari said today in an interview in Dubai.
At the Dubai Air Show this week Mubadala signed deals worth $5 billion to supply parts to Boeing and Airbus and struck similar deals with General Electric Co. and Rolls-Royce Holdings Plc covering engine elements. The company, which aims to supply components to Boeing’s new 777X, will team up with the manufacturers to establish research and development centers at Abu Dhabi’s Sheikh Khalifa University, Al Shemmari said."

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