It does not receive public funding Editor in chief: CLARA MOSCHINI
Boeing HorizonX invests in Unmanned Systems technology industry
Chicago, Usa - Partnership to explore technologies for defense and commercial applications
Boeing announced its investment in Near Earth Autonomy, a Pittsburgh-based company focused on developing a portfolio of technologies that enable safe and reliable autonomous flight.
In addition to the investment, both also announced a partnership to explore future products and applications for emerging markets such as urban mobility.
The investment is the first in autonomous technologies by Boeing HorizonX Ventures since it was established in April.
Near Earth's founders have over three decades of experience developing autonomous systems for ground and aerial vehicles. Two of their groundbreaking achievements include the world's first full-size autonomous helicopter flights in partnership with the US Army in 2010 and ongoing work with the Office of Naval Research developing an autonomous aerial cargo delivery platform for the US Marines.
Boeing HorizonX invests in new business ventures to unlock the next generation of game-changing ideas, products, and markets. Its portfolio includes investments in wearable enabled technologies, augmented reality systems, hybrid-electric propulsion, and artificial intelligence. HorizonX also seeks business opportunities and non-traditional partnerships for the company's aerospace technology using disruptive innovations and business strategies.
Boeing is one manufacturer of commercial jetliners and defense, space and security systems. The US exporter, Boeing supports airlines and US and allied government customers in 150 countries. Its products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.