Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Boeing : to acquire Manassas-based Aurora Flight Sciences

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/06/2017 | 05:55pm CEST

Aeronautics giant Boeing plans to acquire Manassas-based Aurora Flight Sciences Corporation to advance development of the local company's "game-changing" technology in unmanned aircraft, according to a joint release.

"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 & Technology. "Together, these talented teams will open new markets with transformational technologies."

The acquisition could pave the way for fleets of flying taxis, The Wall Street Journal reported Thursday. "Virginia-based Aurora is a specialist in autonomous systems that allow military and commercial aircraft to be flown remotely," according to writer Doug Cameron.

Earlier this year, Uber and Aurora announced the successful test of a small autonomous aircraft that could takeoff and land like a helicopter. The Uber Elevate Network has a goal of 50 aircraft ready for testing by 2020.

Aurora has designed, produced and flown more than 30 unmanned air vehicles since the company was founded in 1989, according to the joint release.

"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," said John Langford, Aurora Flight Sciences founder and chief executive officer.

Terms of the agreement were not disclosed. Once acquired, Aurora will be a subsidiary under Boeing Engineering Test & Technology known as Aurora Flight Sciences, A Boeing Company, and retain an independent operating model.

© Prince William Today © Copyright 2017, Sun Gazette Newspapers, Springfield, VA., source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOEING COMPANY (THE)
12:34a BOEING : signs $13.8 billion deal with Singapore Airlines
10/23 BOEING : Singapore Airlines Announce Order for 39 Airplanes
10/23 BOEING : Duct Assembly, Air C
10/23 BOEING : Duct Assembly, Air C (Z9N)
10/23 BOEING : Nsn 1680-012014293, control unit, speed, lba
10/23 BOEING : Nsn 4920-014883948, test set, aircraft, m, mbn
10/23 BOEING : Nsn 1560-012265110, hinge, half assembly,vun
10/23 BOEING : Nsn 1560-016522349, gland seal kit, 05f
10/23 BOEING : Nsn 1560-014919325, panel, structural, ai,05a
10/23 BOEING : Nsn 1680-016236849, panel, indicator, 56f
More news
News from SeekingAlpha
10/23 Parker-Hannifin, Total Return Is Great And A Dividend King
10/23 Boeing finalizes $13.8B deal with Singapore Airlines
10/23 EDITORS' PICKS DAILY : More REITs, Cap-Weighted Indexing, And An Education Play
10/23 WALL STREET BREAKFAST : Earnings Season Kicks Into High Gear
10/23 Boeing seeks savings for 787 wings
Financials ($)
Sales 2017 92 093 M
EBIT 2017 9 375 M
Net income 2017 6 869 M
Debt 2017 1 900 M
Yield 2017 2,13%
P/E ratio 2017 23,55
P/E ratio 2018 21,88
EV / Sales 2017 1,72x
EV / Sales 2018 1,69x
Capitalization 156 B
Chart BOEING COMPANY (THE)
Duration : Period :
Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 273 $
Spread / Average Target 3,1%
EPS Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & EVP-Enterprise Performance & Strategy
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)70.06%156 489
UNITED TECHNOLOGIES CORPORATION10.32%96 596
LOCKHEED MARTIN CORPORATION28.03%92 157
AIRBUS SE28.45%73 661
GENERAL DYNAMICS23.86%64 043
RAYTHEON33.03%54 828