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Industry

Boeing announces investment in UAV navigation company

20 October 2017

Boeing’s strategic business venture arm HorizonX announced an investment in US small unmanned aerial vehicle (UAV) and autonomous navigation company Near Earth Autonomy on 19 October.

The move comes just two weeks after Boeing revealed that it was pursuing the acquisition of fellow UAV specialist Aurora Flight Sciences, solidifying the company’s attempt to increase its capabilities in autonomous technologies.

Steve Nordlund, vice president of Boeing HorizonX, said, “This partnership will accelerate technology solutions that we feel will be key to unlocking emerging markets of autonomous flight.”

Near Earth Autonomy, which was spun-off from the activities of Carnegie Mellon University’s Robotics Institute, is a privately-held company, and no details of Boeing’s investment were released.

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