Tuesday 10 December 2019
 
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Image courtsey: WAM

Strata signs supply deal with German firm

DUBAI, 21 days ago

Strata Manufacturing has signed a memorandum of understanding (MoU) with Premium Aerotec, the German aerospace manufacturing leader, for the supply of metallic bonded and ‘computer numerical control’ (CNC) machined detail aircraft parts, said a report.

Strata Manufacturing is the advanced composite aero-structures manufacturing company wholly owned by Mubadala Investment Company.

The MoU, signed during Dubai Airshow, covers a duration of five years with Premium Aerotec due to deliver its first shipment of complex metallic CNC machined detail aircraft parts to Strata’s world-class Nibras Al Ain Aerospace Park production facility in January next year, said the Wam report.

The partnership with Premium Aerotec forms part of Strata’s strategic supply chain sourcing partnerships for aircraft parts that are vital elements of Strata-manufactured composite aero-structure components.

By outsourcing sub-tier business functions, Strata is increasing its focus on its core manufacturing activities, including taking full control of the end-to-end supply chain.

Ismail Ali Abdulla, CEO of Strata, said that part of the company’s long-term strategy is working to build and nurture a series of strategic partnerships across the aero-structures industry supply chain to efficiently address the growing and rapidly changing requirements of our customers.




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