Economy

Boeing to acquire Aurora Flight Sciences

Boeing to acquire Aurora Flight Sciences”

Terms of the transaction were undisclosed and Aurora will add to Boeing nearly 550 employees across six USA states. Aurora is a leader in the emerging field of electric propulsion for aircraft.

"The combined strength and innovation of our teams will advance the development of autonomy for our commercial and military systems", said Greg Hyslop, chief technology officer and senior vice president of Boeing Engineering, Test and Technology.

A Boeing spokesperson told Washington Technology the deal is subject to government approval with an "unpredictable timeline".

Chicago-based Boeing said Thursday it would integrate Aurora into the aerospace and defense contractor's engineering, test and technology segment upon closing of the acquisition. The terms of the deal were not disclosed. Its aircraft use autonomous technology including perception, machine learning and advanced flight-control systems.

Aurora, headquartered in Virginia and employing more than 550 people across six states in the U.S., had designed, produced and flown more than 30 unmanned air vehicles since the company was founded in 1989. Just last month one of its robots successfully landed a simulated Boeing 737.

In April, Aurora flew an air taxi prototype with vertical take off and landing technology and plans to deliver 50 to Uber Elevate, the ride-sharing company's flying vehicle enterprise by 2020. Uber, which also counts Textron Inc. and Embraer SA as partners, envisions urban customers zipping over traffic snarls with aircraft summoned by computer or mobile phone. For the economics to work, fleets of air taxis and drones will need to involve networks of vehicles with a single controller operating "dozens" of airplanes, he said.

Sunrun Inc.is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems in the United States.

The institutional investor held 38,947 shares of the aerospace company at the end of 2017Q2, valued at $7.70M, down from 65,138 at the end of the previous reported quarter.

Aurora's expertise in self-flying aircraft will also benefit Boeing, which has stepped up its research in that area as a pilot shortage threatens to crimp airline growth.

Boeing is acquiring Aurora Flight Sciences Corp, an innovative developer of autonomous aerial drones and advanced robotic systems.

"The world is going to be about hybrid-electric airplanes, or all-electric airplanes, and ... more autonomy, and how artifical intelligence enables that", Hyslop said.



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