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Boeing Plans To Buy Aurora Flight Sciences; Terms Undisclosed

Boeing (BA) said that it plans to acquire Aurora Flight Sciences Corporation, a world-class innovator, developer and manufacturer of advanced aerospace platforms, under an agreement signed by the companies. Aurora specializes in autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles. Terms of the agreement were not disclosed.

The transaction, anticipated to close following receipt of customary regulatory approvals, does not affect Boeing's financial guidance. Once acquired, 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.

Headquartered in Manassas, Virginia, Aurora has more than 550 employees and operates in six states in the U.S. including 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.

by RTT Staff Writer

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