Boeing and Mubadala lay big plans
Boeing and Mubadala Development Co.

Boeing and Mubadala Development Co. yesterday signed a so-called strategic framework agreement covering “key” areas of collaboration, including such “mutual beneficial areas” as composite manufacturing, engineering, research and development, commercial maintenance, repair and overhaul, military maintenance and sustainment, pilot training and people development.

Mubadala, a business development and investment vehicle of the Abu Dhabi government, called the agreement the start of a long-term mutual commitment to drive forward Abu Dhabi’s plans to become a global aerospace hub. Meanwhile, the deal expands Boeing’s relationship with the United Arab Emirates and enhances its global supply and technology base.