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Strata eyeing over Dhs300m in 2014 revenue

March 10, 2014 1:44 am

Strata Manufacturing, a subsidiary of Abu Dhabi government-owned company Mubadala, increased production quantity in 2013, Gulf News has reported. The Al Ain-based aerospace parts manufacturing company said it delivered 301 ship sets to aircraft manufactures in 2013, a 62.7% increase over the 185 it delivered in 2012. Strata, which reported revenue of Dhs220m in 2013, is targeting “in excess” of Dhs300m and is looking to deliver more than 400 ship sets, said company chief executive, Badr Al Olama.