Mubadala and Honeywell have struck a deal to collaborate on the manufacturing, development and MRO of aerospace products.
Under a memorandum of understanding signed at the Dubai air show, the Abu Dhabi investment fund and US software-industrial company are to establish Middle Eastern capability for three major auxiliary power units, including spares-pool management, predictive maintenance and related connectivity.
The parties have also declared their intention to "explore facilitating aircraft engine and component leasing, as well as next-generation air traffic management solutions and the manufacturing of advanced materials in the region".
In their joint statement they add that their envisaged collaboration "has the potential to expand each company's existing services portfolio, jointly creating new opportunities... to enhance the value proposition for end users".
The collaboration would link Honeywell with Mubadala companies Strata Manufacturing, Turbine Services & Solutions and Sanad Aero Solutions.