Goodrich and Mubadala Aerospace Sign Agreement to Form Landing Gear MRO Joint Venture in Abu Dhabi, United Arab Emirates

Goodrich Corporation and Mubadala Aerospace, a business unit of Mubadala Development Company, today signed a heads of agreement (HOA) to establish a joint venture company in the United Arab Emirates (UAE) to perform maintenance, repair and overhaul (MRO) work on landing gear. The joint venture company would be the Middle East's first dedicated landing gear service provider once fully operational in 2012. The joint venture is subject to negotiation and execution of the definitive joint venture agreement.

The HOA was signed during the Farnborough Air show by Mike Brand, president, Goodrich Landing Gear and Homaid Al Shemmari, executive director of Mubadala Aerospace. The signing was also attended by Troy Lambeth, the chief executive of Mubadala's recently established spare engine and rotable leasing subsidiary, Sanad Aero Solutions (Sanad).

Under the terms of the HOA, the joint venture company will provide MRO services and rotable support for landing gear on commercial aircraft with its primary focus on customers in the Middle East region. Sanad is expected to play a key role in supporting the joint venture company with rotable landing gear assets. The company will initially support both Boeing and Airbus commercial aircraft, including the A380 and B777 models, with plans to extend to other commercial and military markets. The facility will be based in Al Ain in the Emirate of Abu Dhabi, alongside other Mubadala Aerospace companies including Strata, the composite manufacturing facility and AMMROC, the military MRO center.