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Strata Manufacturing wins Airbus contracts worth $1 billion

An Airbus signage is pictured at the new Airbus Asia Training Centre in Singapore April 18, 2016. REUTERS/Edgar Su

FARNBOROUGH, England (Reuters) - Components manufacturer Strata has won two contracts with European planemaker Airbus AIR.PA with a combined value of more than $1 billion, it said at the Farnborough Airshow on Wednesday.

Strata Manufacturing, owned by Abu Dhabi investment firm Mubadala, said it would become a source for the Airbus A320 Horizontal Tail Plane (HTP) and A350-900 Inboard Flaps (IBF).

Editing by Mark Potter

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