• Most Popular
  • Most Shared

AIRSHOW-Boeing eyes partnership deal with Mubadala

Mon Nov 16, 2009 1:43am EST

Stocks

   

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.

Stocks  |  Global Markets  |  Industrials

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)



More from Reuters

Photo

Sturdy U.S. home sales bolster economic growth prospects

WASHINGTON (Reuters) - Sales of previously owned U.S. homes jumped last month to their highest level in nearly three years, the latest sign that the economic recovery was gaining steam, after growing below expectations in the third quarter.

Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Two men is reflected on a glass wall of Exhibitions Central in Dubai December 21, 2009, where Dubai World's western bank creditors are meeting. REUTERS/Ahmed Jadallah
Analysis:

Dubai, it's time to get creative

Scrambling to rebuild its image after a $26 billion debt bombshell, Dubai needs to raise cash without the PR nightmare of raising taxes.  Full Article