Strata and Premier Composites Sign Airbus Agreement
Strata Manufacturing has announced the signing of a ten-year, AED 16.5 million agreement with UAE-based Premier Composite Technologies
The agreement will see Strata outsourcing the treatment of composite materials for the production of A380 Flap Track Fairings to Premier Composites.
By outsourcing the honeycomb core cutting function on the A380 Flap Track Fairing program, the company benefits from time savings, reduced inventory days on raw material, working capital savings and the availability of 400 square metres of factory floor space which can be utilised in the production process.
Badr Salim Al Olama, CEO of Strata Manufacturing, said:
We chose Premier Composite Technologies following a very competitive bidding process which involved several international companies – a reflection of the growing capabilities of Emirati companies entering the aerospace industry’s global supply chain. We are confident in PCT’s ability to provide us with the high quality services required at Strata.
In addition to the A380 Flap Track Fairings honeycomb program, Premier Composites will also bid on the honeycomb packages for A330 Flap Track Fairings, Aileron and Spoilers, followed by the Boeing programmes, which Strata’s procurement team is in the process of tendering.