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AIRSHOW-Boeing eyes partnership deal with Mubadala

Mon Nov 16, 2009 1:43am EST

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DUBAI, Nov 16 (Reuters) - Boeing (BA.N) is set to enter a strategic pact with Mubadala, the Abu Dhabi government-owned investment firm, a senior Boeing executive said on Monday.

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The two firms have been in talks at the Dubai air show this week that could lead to co-operation in high-tech activities.

"We are in a set of discussions to increase work in areas like engineering, research and development and a number of other areas we will look to develop over the next few months with them," Shepherd Hill, Boeing's vice president of strategy and president of Boeing International told Reuters.

"Over the next few days you might see something coming out with Mubadala," he said in an interview.

Mubadala has been investing progressively in aerospace deals to boost the Abu Dhabi economy and said last week it would launch an aerospace components maker in coming days. (Reporting by Tim Hepher, Martina Fuchs)

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