Abu Dhabi’s Strata Plans US Expansion to Serve Boeing
Mubadala Development Co’s Strata aerospace- manufacturing unit is evaluating expansion in the US through another plane-parts maker and is undertaking a one-year feasibility study of a move that would enable it to produce larger, more complex components.
Strata, which has $7.5 billion (Dh27.5 billion) worth of orders from Boeing Co and Airbus Group SE until at least 2030, is seeking to cut shipping costs by locating closer to its US customer, and would look at setting up manufacturing there in five years, Chief Executive Officer Badr Al Olama said in an interview in Abu Dhabi. Details
