Mubadala Investment Company’s aerospace manufacturing unit Strata won three new work packages from Swiss plane maker Pilatus Aircraft.
Under an offset agreement between the Tawazun Economic Council and Pilatus, Strata will supply parts for the twin-aisle PC-24 business jet.
The seven-year deal is effective from the start of this year, Tawazun said on Sunday.
“The extended agreement marks the next step in a long-term partnership aimed at delivering further high-quality composite work packages for Pilatus in the UAE,” said Strata chief executive Ismail Abdulla.
The deal concludes Strata’s “advanced talks” that began more than a year…