Tawazun Precision Industries (TPI), a UAE-based subsidiary of the Emirates Defense Industries Company (EDIC) on Tuesday signed a significant contract with the Boeing Company [NYSE: BA], to manufacture complex metallic machined parts for tactical aircraft at TPI’s new treatment facility, currently under construction in Abu Dhabi.
The contract builds on an agreement announced between TPI and Boeing at the Dubai Airshow 2013 under the leadership of Tawazun Economic Program, which is overseen by Tawazun Economic Council (TEC).
“This is about partnership, and this is just the first step. This is about two great companies – TPI and Boeing – working together for defense and aerospace worldwide and we couldn’t be more excited and happy about this relationship,” said Chris Chadwick, President and Chief Executive Officer, Boeing Defense, Space and Security.
Since 1992, Tawazun Economic Program has worked actively to diversify the UAE’s economy by creating new ventures in sectors of national importance. The program partners with international contractors, bringing investment and the latest technologies into the UAE, generating knowledge based jobs for UAE nationals and creating business opportunities for UAE companies. Over the last four years, the program has generated billions of dirhams in foreign investment, created over 1000 jobs for UAE nationals, and resulted in the creation of some of the largest defense companies in the region.
Under the 2013 agreement, TPI has established a new facility to provide commercial and defense aerospace design-specific machined and treated metal parts. As required for aerospace manufacturing, the facility will re-perform the necessary chemical treatments to metallic components that enhance their performance capability.
“TPI has successfully developed a class leading resource in advanced aerospace machining over the last 3 years and the award of this contract by Boeing is a recognition of the competitiveness and potential of this capability,” Dr. Philip Lewis, CEO, TPI, said.
“TPI is confident that working with Boeing on delivering this contract will further enhance existing capabilities and provide a foundation for a long lasting partnership between TPI and Boeing,” he added.
Matar Al Romaithi, Chief Officer, Industrial Development Unit, stated, “The new agreement is another step in the partnership between TPI and Boeing. TEC has always supported such strategic alliances as part of our endeavor to add economic and commercial value to the UAE economy.”
Luc Vigneron, CEO of EDIC, said, “One of the core objectives of Abu Dhabi’s 2030 vision is to build a strong industrial base. Defense and aviation are core industry sectors where we have competitive advantages and a solid foundation.”
“This new partnership with one of the world’s leading defense and aviation companies will strengthen the UAE’s industrial capabilities and bring significant new skills and technologies? to the UAE”.
This work placement award and a surface treatment facility at TPI, are the culmination of continued efforts by TPI and Boeing to expand their strategic partnership.
Integrating TPI into Boeing’s global supply chain is the result of TEC’s efforts to forge strategic alliances with leading international firms for knowledge transfer, creating opportunities for the UAE around the world. This new contract will build upon TPI’s current machining capabilities, while demonstrating their competitiveness in the global marketplace.
Tawazun Precision Industries (TPI) is a manufacturing facility delivering components to the aerospace, oil and gas and defense industries with export operations worldwide.
EDIC is the region’s premier integrated national defence services and manufacturing platform, providing world-class facilities, technology and support services. It was established by law in 2014 from the integration of assets owned by Mubadala Development Company, Tawazun Holding and Emirates Advanced Investments Group.
A unit of The Boeing Company, Defense, Space and Security is one of the world’s largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Defense, Space & Security is a $31 billion business with 53,000 employees worldwide.