Strata signs new supply deal with Spain’s GAZC
The deal signed at Dubai Airshow is valid for five years
Strata Manufacturing, a unit of Mubadala Investment Company, signed an agreement with Spain’s Grupo Aeronautico Zona Centro (GAZC) to supply fixed metallic computer numerical control (CNC) aircraft parts.
The deal sealed at the Dubai Airshow, runs for five years under which GAZC will deliver its first shipment to Strata’s Nibras Al Ain Aerospace Park production facility later this year.
“GAZC is renowned as a globally-recognised expert in manufacturing metallic CNC machined detail aircraft parts of the highest levels of precision and customisation,” said Ismail Ali Abdulla, chief executive of Strata.
“Securing their place in Strata’s next phase of growth marks an important highlight in our journey and ensures we will continue to service our global customers competitively and on-time delivery.”
The Al Ain company also signed a similar agreement with Germany’s Premium Aerotec earlier this week at the airshow .
“This agreement represents the consolidation of a common vision between Strata and GAZC, it enables us to further build our business relationship and provides us a firm foundation for future collaboration essential in order to meet the growing needs and expectations of a high regulated aerospace sector,” said Alfonso Delgado Recio, chief executive of GAZC.
Strata is the only active producer of aircraft components in the Arabian Gulf and is a key part of the UAE's efforts to diversify its economy away from oil as it builds its manufacturing base. The company works with leading aircraft manufacturers, including Airbus, Boeing, Leonardo and Pilatus.
Earlier this week, the company said it delivered its first shipment of empennage ribs for Boeing's 777X.
Based at Nibras Al Ain Aerospace Park, Strata employs around 700 people and more than half of its workforce are Emirati nationals.
Updated: November 20, 2019 05:24 PM