A series of mergers occurred this past week as the city of Abu Dhabi’s Mubadala Development company’s aerospace branch agreed to become a risk-sharing partner to Airbus SAS and Boeing Co. in order to help fund advancements in aviation. The primary goal of these three companies is to further develop engineering-design capability. The Mubadala Aerospace program is planning to differentiate tactics from build-to-print to design-to-build; because of this Mubadala will be responsible for 10 to 20 percent of each aircraft. During the Dubai airshow last week 5 billion dollars worth of contracts to supply parts to both Airbus and Boeing as well as General Electric and Rolls-Royce Holdings PLC. This partnership will allow Mubadala to continue expanding in the fields of engineering and research and development within the next three to five years.
How will this merger affect the U.S. economy
Coleton Ginger, Auston Weatherford
WORKS CITED
Yousef, Deena Kamel. "Abu Dhabi Seeks 'Big Chunk' of Work on Next Boeing, Airbus Jets."Bloomberg.com. Bloomberg, 20 Nov. 2013. Web. 20 Nov. 2013.
6 comments:
I think it will effect our economy because we are bringing someone else into it. So it will effect us.
I think it will effect the economy by taking up more engineering fields, and it is bringing someone else in.
Sammie Peterson
Levi McKercher and Alex Darrington
This will surely effect the economy in the aviation industry. This company will have more money to help with new technology and an effort to create more efficient flights to reduce prices for their consumers.
Marias--- This will effect our economy by bringing in someone else into our fields
I think this will affect the U.S. economy because their will be more aviation advancements and that should help the economy. It might also help create jobs researching this technology.
It will affect the USA economy because there will be less competition.
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