Thursday, July 14, 2011

Hamilton Sundstrand authorizes Mubadala Aerospace for Boeing 787 MRO

Abu Dhabi, July 14, 2011 – Hamilton Sundstrand Corporation and Mubadala Aerospace

have finalized a wide-ranging strategic agreement under which Mubadala Aerospace will be

a key part of the support network for servicing Hamilton Sundstrand products and systems on

the Boeing 787. The deal, a first for Hamilton Sundstrand, includes a licensing agreement for

Mubadala Aerospace to provide maintenance, repair and overhaul (MRO), through Mubadala-

owned companies Abu Dhabi Aircraft Technologies (ADAT), SR Technics and Sanad Aero

Solutions (Sanad), based on Hamilton Sundstrand’s technical expertise. The agreement gives

787 operators an additional choice for their maintenance needs for Hamilton Sundstrand

products and systems, which make up a majority of the systems on Boeing’s new 787

Mubadala Aerospace is a business unit of Mubadala Development Company, the strategic

investment arm of the Abu Dhabi government. Hamilton Sundstrand is a subsidiary of United

Technologies Corp. (NYSE: UTX).

Under the license agreement, ADAT and SR Technics will provide integrated component

solutions (ICS) to Boeing 787 airline customers, while Sanad will provide financing of rotable

components, all with the technical support of Hamilton Sundstrand. Mubadala Aerospace is

developing a global network covering the entire MRO value chain, including engine, component

and airframe capabilities, in addition to spare engine and rotable leasing through Sanad.

"Hamilton Sundstrand is pleased to establish this key relationship with Mubadala Aerospace to

equip Mubadala MRO companies with the required resources to service Hamilton Sundstrand

systems and particularly components for the Boeing 787,” said Matthew Bromberg, vice

president and general manager, Hamilton Sundstrand Customer Service. "This arrangement

will allow Hamilton Sundstrand to extend its reach of OEM world-class service by building on

Mubadala Aerospace's capabilities in both the Europe and the Middle East. The Boeing 787 has

a diverse customer base and demands diverse maintenance solutions."

Homaid Al Shemmari, executive director of Mubadala Aerospace, said, “We are delighted to

sign this strategic agreement with Hamilton Sundstrand, which brings essential component

capability to ADAT and SR Technics for the Boeing 787 and financing opportunities for Sanad.

Hamilton Sundstrand is one of the largest players in the aerospace components industry,

and shares our global ambitions. Importantly, this expands our relationship with UTC and

complements our existing partnership with Sikorsky in AMMROC. We are excited about the

overall opportunities this relationship brings to both parties."

Mubadala Aerospace, a business unit of Mubadala Development Company, is driving

the development of Abu Dhabi’s aerospace industry to establish the Emirate as a global

aerospace hub. Through partnerships with world leading companies, Mubadala Aerospace

has combined global expertise and local resources to develop an advanced, technology-driven

global aerospace business based out of Abu Dhabi. Mubadala is building the industry around

composite aerostructures and OEM manufacturing, maintenance, repair and overhaul (MRO)

services and pilot training. These sectors are underpinned with education & training initiatives

to create job opportunities for the local population and develop a highly skilled workforce,

with research & development facilities being established to place Abu Dhabi at the forefront

of the global aerospace industry. Flagship projects include Strata, the advanced composites

aerostructures manufacturing plant and Sanad, the component and engine leasing company

that works in partnership with Mubadala’s Abu Dhabi Aircraft Technologies and SR Technics to

deliver integrated MRO services to a global customer base. For more information please visit:

With 2010 sales of $5.6 billion, Hamilton Sundstrand is headquartered in Windsor Locks, Conn.

Among the world's largest suppliers of technologically advanced aerospace and industrial

products, the company designs, manufactures and services aerospace systems and provides

integrated system solutions for commercial, regional, corporate and military aircraft. It also is a

major supplier for international space programs.

United Technologies Corp., based in Hartford, Conn., is a diversified company providing high

technology products and services to the building and aerospace industries worldwide.

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