Categories: Merger & AllianceNews

Boeing to acquire Aurora Flight Sciences Corporation

Aurora Flight Sciences UAV. Courtesy: WSJ

US: Boeing is planning to acquire Aurora Flight Sciences Corporation, a world renowned innovator, developer and manufacturer of advanced aerospace platforms, as per an agreement signed by both the companies.

Aurora specializes in autonomous systems technologies, enabling advanced robotic aircraft for future aerospace applications and vehicles.

Greg Hyslop, chief technology officer and senior vice president of Boeing Engineering, Test & Technology, said “The combined strength and innovation of our teams will advance the development of autonomy for our commercial and military systems,” “Together, these talented teams will open new markets with transformational technologies.”

Aurora has designed, produced and flown more than 30 unmanned air vehicles since the company was established in 1989. Aurora is a leader in the emerging field of electric propulsion for aircraft. During the last ten years, Aurora has collaborated with Boeing on the rapid prototyping of innovative aircraft and structural assemblies for both military and commercial applications.

“Since its inception, Aurora has been focused on the development of innovative aircraft that leverage autonomy to make aircraft smarter,” said John Langford, Aurora Flight Sciences founder and chief executive officer. He added, “As an integral part of Boeing, our pioneered technologies of long-endurance aircraft, robotic co-pilots, and autonomous electric VTOLs will be transitioned into world-class products for the global infrastructure.”

Terms of the agreement have not been disclosed. Credit Suisse Securities (USA) LLC acted as financial advisor to Aurora Flight Sciences and Steptoe & Johnson acted as the legal advisor.  This transaction, expected to close following receipt of customary regulatory approvals, does not affect Boeing’s financial guidance.

After the acquisition, Aurora will be a subsidiary under Boeing Engineering Test & Technology known as Aurora Flight Sciences, a Boeing Company. It will retain an independent operating model while benefiting from Boeing’s resources and position as the leading provider of aerospace products and services.

With its headquarter in Manassas, Virginia, Aurora Flight Sciences has more than 550 employees and operates in six states in the U.S. It also has a research and development center located near MIT in Cambridge, Massachusetts, manufacturing facilities in Bridgeport, West Virginia and Columbus, Mississippi with offices in Dayton, Ohio, Mountain View, California and Luzern, Switzerland.

News Desk

This is the account of the Newsdesk team at Geospatial Media. Reach us at newsdesk [@] geospatialmedia.net or call us on +91-120-4612500

Share
Published by
News Desk
Tags: BoeingDrones & UAVs

Recent Posts

  • News

Orixcom Partners with Megaport to Deliver Direct Cloud Connectivity in Dubai

Australia: Megaport Limited , a global leading Network as a Service (NaaS) provider and Orixcom, the fast-growing operator that provides next-generation connectivity,…

4 mins ago
  • News

Schiphol to organize a BIM for Facility Management program at GEO|Design+BIM 2018

Netherlands: GEO| Design+BIM, a platform that highlights the use of geospatial data analytics and Building Information Modelling (BIM) in asset spatial…

22 mins ago
  • News

Topcon announces new field computer accessories for performance in all weather conditions

US: Topcon Positioning Group announces new accessories for the FC-5000 field computer — a landscape-style keyboard along with a stylus. The…

1 hour ago
  • Blogs

Facebook again comes under radar: This time being sued for Location Tracking

Location tracking has become an essential part of our life. It gives detailed information about each and every movement of…

15 hours ago
  • News

Hexagon strengthens its Construction Solutions Portfolio with Bricsys Acquisition

US: Hexagon AB, a global leader in digital solutions, today announced the acquisition of Bricsys, a fast-growing developer of CAD…

17 hours ago
  • News

Bentley new open applications advance Comprehensive Modeling Environment for multidiscipline collaboration

US: Bentley Systems has launched OpenSite Designer, a built-for-purpose application for the design and construction of civil site projects. It…

19 hours ago