EADS Welcomes Mubadala to its Base of Global Suppliers
EADS Welcomes Mubadala to its Base of Global Suppliers
- Major facilities to be operational in Abu Dhabi by 2010.
Farnborough, 15 July 2008 – European Aerospace group EADS and Mubadala
Aerospace, a division of Mubadala Development Company of the United Arab
Emirates, have signed a multi-faceted supplier agreement. The partnership will
allow EADS to extend its footprint in the Middle East in terms of suppliers and
production capabilities. For Mubadala the agreement is an important step in the
company’s commercial strategy to rapidly evolve the Emirate of Abu Dhabi’s
existing aerospace industry into a global aerospace hub. The cooperation is
expected to generate in excess of US$1 billion of revenue for Mubadala Aerospace
over ten years.
L. to r.: 1st raw: Waled Al Mokarrab,
Marwan Lahoud. 2nd raw: CEO of EADS Louis Gallois, and Khaldoon Al Mubarak
Firstly, in cooperation with EADS, Mubadala’s recently announced composites
plant will develop full design-to-build capabilities, significantly leveraging
and advancing Mubadala Aerospace’s range of products and services. This will
help the Abu Dhabi facilities to become a tier one supplier for the next
generation of commercial aircraft. The plant will start operations in 2010,
producing composite aerostructures for Airbus and potentially other
manufacturers. Initially the plant will provide spoilers and flap track fairings
for the Airbus A330, A340, A350 and A380. The planned next phase will see the
manufacturing of primary structures and components. As part of the agreement,
EADS will work with Mubadala Aerospace to develop an Engineering Centre as well
as Research and Development facilities in Abu Dhabi.
Left to right: the CEO of EADS Louis Gallois,
Waled Al Mokarrab, Marwan Lahoud and Khaldoon Al Mubarak
These facilities will be created to provide full design and development
capabilities for composite aerostructures. As a result, ultimately
aerostructures will be designed developed and manufactured in Abu Dhabi.
Abu Dhabi Aircraft Technologies (ADAT), a 100% Mubadala owned company, and
EADS will expand MRO capabilities in Abu Dhabi. The agreement will accelerate
ADAT’s joining of Airbus’ global MRO network.
The strength of Abu Dhabi’s economic diversification drive and geographical
position as a link between East and West makes the Emirate a natural location
for a major aerospace hub. EADS is fully aware of the potential economies of
scale and the first mover advantages which result from the link with a
manufacturing base in Abu Dhabi.
“Mubadala is a major player in the development of the Abu Dhabi economy and
EADS is proud to reinforce its links with such a partner – one that has the
ambition to become a major player in the highly technological Aerospace industry”,
said Louis Gallois, Chief Executive Office of EADS.
Mubadala CEO and Managing Director Khaldoon Khalifa Al Mubarak said:
“Mubadala has been executing a strategy of leveraging Abu Dhabi’s geographic and
economic position to build an aerospace hub in the Emirate. Today’s announcement
is a major watershed in this process, and we are delighted to be working with
Both companies, recognizing the long term opportunities this partnership
presents, have agreed to invest significantly in education and training
programs. Agreements with Universities based in the Emirate of Abu Dhabi and
vocational training courses within EADS and Mubadala aerospace facilities are
Mubadala Development Company (Mubadala) is a Public Joint Stock Company
headquartered in Abu Dhabi, capital of the United Arab Emirates. Its focus is on
developing and managing an extensive and economically diverse portfolio of
commercial initiatives. It does this either independently or in partnership with
leading international organizations. Mubadala’s commercial strategy is
fundamentally built on long term capital intensive investments that deliver
strong financial returns.
The company manages a multi-billion dollar portfolio of local, regional, and
international investments, projects and initiatives. Through its investment and
development projects, Mubadala is both a catalyst for, and a reflection of, the
drive for economic diversification of the Emirate of Abu Dhabi. Its impact is
evident domestically and internationally in sectors such as energy, aerospace,
real estate, healthcare, technology, infrastructure, and services.
Mubadala’s sole shareholder is the Government of the Emirate of Abu Dhabi.
For more information about Mubadala, its partnerships and activities please
EADS is a global leader in aerospace, defence and related services. In 2007,
EADS generated revenues of €39.1 billion and employed a workforce of about
116,000. The Group includes the aircraft manufacturer Airbus, the world's
largest helicopter supplier Eurocopter and EADS Astrium, the European leader in
space programmes from Ariane to Galileo. Its Defence & Security Division is a
provider of comprehensive systems solutions and makes EADS the major partner in
the Eurofighter consortium as well as a stakeholder in the missile systems
MBDA. EADS also develops the A400M through its Military Transport Aircraft
EADS Corporate Communications:
Pierre Bayle +33 1 42 24 20 63 -- Gaëlle
Pellerin +33 1 42 24 22 54 -- Markus Wölfle +49 89 607 34287 -- José María
Palomino +34 91 585 77 89 -- Jeremy Greaves +44 20 78 45 84 19 (Further information on EADS – photo, video, sound bites, background documents
– is available at
Mubadala Development Company: J.
Jacquelyn Miller, Corporate Communications Manager, Mubadala Development
Company, T: +9712 413 0005 - F: +9712 413 0001 - M: + 97150 812 1626