Farnborough International Airshow, Mubadala Aerospace, a business unit of Mubadala Development Company, and Honeywell (NYSE: HON) today announced an intent to grant special rights and licenses to Mubadala Aerospace’s Abu Dhabi Aircraft Technologies (ADAT) and SR Technics as authorized service providers for Honeywell mechanical components and avionics on various in-service aircraft, and the Boeing 787 and Airbus A350 when the platforms come into service.

Under the partnership, Honeywell will provide materials, training and technical support to ADAT and SR Technics to provide full service component maintenance services including asset management to airline operators.  As part of this partnership SR Technics will utilize its flagship Integrated Component Solution offering, to support customers operating Honeywell equipment. The Integrated Component Solution offering shall also be extended to ADAT.

Today’s agreement builds on existing relationships with Honeywell for provision of technical and materials support for aircraft components at SR Technics and aircraft auxiliary power units at Abu Dhabi Aircraft Technologies.

“Honeywell is confident that Mubadala Aerospace’s extensive and growing MRO capability and expertise, geographic footprint, and customer relationships will ensure that operators of Honeywell’s equipment will receive seamless support for its customers,” said Tim Mahoney, CEO of Honeywell Aerospace.

Homaid Al Shemmari, Executive Director of Mubadala Aerospace, commented: “This partnership brings essential component capability to ADAT and SR Technics. Honeywell Aerospace is a world-leading manufacturer which provides materials and components for both Boeing and Airbus aircrafts and this marks an important expansion to our global MRO capabilities.

Mubadala Aerospace is developing a global MRO network with full scale engine, component and rotable capabilities, and engine and component leasing, which provides tailor-made MRO solutions developed specifically for individual customers’ requirements. As part of this partnership, Mubadala Aerospace’s Sanad Aero Solutions will look to provide rotable leasing for Honeywell, ADAT and SR Technics MRO customers.”

Source: Press Release (f Mubadala Development Company, and Honeywell)