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Strata signs Dhs60.6m aviation deal

: Sunday, July 20 - 2014 @ 01:58

Mubadala Development Co’s wholly-owned advanced composite aerostructures manufacturing facility, Strata Manufacturing has announced the signing of a $16.5m (Dhs60.6m) agreement with UAE-based Premier Composite Technologies (PCT), Gulf News has reported. According to the terms of the 10-year deal, Strata is to outsource a central function in the treatment of composite materials for the production of A380 Flap Track Fairings to PCT. By outsourcing the honeycomb core cutting function on the A380 Flap Track Fairing programme to PCT, Strata benefits from time and effort spent on the processing of these materials, in addition to reduced inventory days on raw material, working capital savings, and the availability of 400 sq m of factory floor space, which can be utilised in the production process.

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Sunday, July 20- 2014 @ 1:58 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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