Boeing, Mubadala ink aerospace pact

Boeing and Abu Dhabi government-owned investment firm Mubadala signed an aerospace pact on Monday that will help the Gulf Arab emirate launch its fledgling aerospace industry. The agreement will see cooperation in high-tech activities, including composite manufacturing, engineering, research and development, training and maintenance, the two firms said in a statement. Mubadala has been investing progressively in aerospace deals to boost the Abu Dhabi economy and said last week it would launch an aerospace components maker in coming days.