Mubadala ties up with Northrop Grumman
Dubai, November 13, 2007
Mubadala Development Company (Mubadala), a strategic investment and development vehicle established and wholly-owned by Abu Dhabi, signed a Memorandum of Agreement (MoA) with Northrop Grumman Corporation (NOC).
The two parties will collaborate on various high technology aerospace and aviation educational and training programmes to further strengthen the emirate's economic development strategy.
The MoA was signed at the Dubai Air Show by chief operating officer Waleed Al Mokarrab Al Muhairi and president of Northrop Grumman ISS International (NGISSII) Duke Dufresne.
It is the first agreement that has been signed between both companies at the Dubai Air Show as Mubadala continues its momentum to promote Abu Dhabi's well-established presence in the international aerospace and educational arena.
"This MoA signifies our mutual interest in exploring ways in which we may both collaborate and address specific high technology aerospace programs and aviation educational and training courses that are in growing demand worldwide," said Al Muhairi.
"Some of our key areas of emphasis include aviation education, unmanned aerial vehicles, composites and program management," he added.
"We're honored to work with Mubadala to support their goals to be best-in-class and create and maximize long-term returns in high-performing businesses and promising new ventures. Northrop Grumman understands their vision to encourage, strengthen and develop the future economy of Abu Dhabi and its future business leaders through profitable, strategic, commercial and industrial global investments and partnerships," said Dufresne said.- TradeArabia News Service