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Strata Manufacturing wins Airbus contracts worth $1 billion


FARNBOROUGH, England (Reuters) - Components manufacturer Strata has won two contracts with European planemaker Airbus <AIR.PA> with a combined value of more than $1 billion, it said at the Farnborough Airshow on Wednesday.

Strata Manufacturing, owned by Abu Dhabi investment firm Mubadala, said it would become a source for the Airbus A320 Horizontal Tail Plane (HTP) and A350-900 Inboard Flaps (IBF).

(Editing by Mark Potter)