Boeing (NYSE: BA) and Mubadala Development Company (Mubadala) today announced a new strategic agreement that will increase the long-term role of Mubadala as a Tier 1 supplier to Boeing. Through their agreement, signed at the 2013 Dubai Airshow, Mubadala has the opportunity to supply as much as $2.5 billion in advanced composites and machined metals to Boeing commercial programs, including the 787 and 777X.

Boeing and Mubadala have also agreed to work together to develop pre-preg and carbon fiber manufacturing capabilities in the Emirate of Abu Dhabi. This will support the ongoing development of the aerostructures industry and create raw-materials capabilities in the United Arab Emirates. […]