Flying into the Future: Five-Year GE-Mubadala Partnership Soars On
Maintenance and manufacturing will help define the next phase of the strategic agreement between GE and Mubadala Aerospace, Communications Technology and Defense Services, which are celebrating five-years of strategic collaboration..
At Dubai Airshow 2013, the two parties signed an agreement that will support Mubadala’s vision to be a diversified global tier-one aerospace supplier with a focus on aerostructures, engines and components.
The agreement includes two main components, the first of which is a joint venture with a view to further enhancing the GEnx maintenance, repair and overhaul (MRO) relationship. This includes the possibility of establishing a regional GEnx logistics center in Abu Dhabi and a direct investment by GE in the existing GEnx engine shop.
The second component of the agreement sees GE Aviation working with Mubadala to develop engine-component manufacturing capabilities within the Emirate, with the aim of positioning Mubadala to become a tier-one engine supplier in the next decade. GE Aviation has committed to US$500 million in work packages as part this agreement.
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