(MENAFN) Strata, the Al-Ain based composite aerospace manufacturing company, fully owned by Mubadala group, revenue will cross USD108.87 million this year, the company's CEO said.
Last year, the company made revenue of USD94.17 million last year. "We are expecting to break even in 2017," he said at the launch of Global Manufacturing and Industrialization Summit.
The company has commitments of over USD7.5 billion to produce aircraft parts for both Boeing and Airbus. It is targeting total revenue of USD272.19 million by 2020.
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