Will Boeing Build an Electric Airplane?
It has been less than a month since aerospace giant Boeing (NYSE: BA) announced plans to purchase tiny, cutting-edge aerospace company Aurora Flight Sciences for an undisclosed sum. Today, we still don't know how much Boeing plans to pay for Aurora -- but we already have our first indication of how Boeing might profit from the purchase.
On Oct. 24, the National Aeronautics and Space Administration (NASA) announced it had awarded Aurora Flight Sciences a contract "to perform a comprehensive evaluation of the Single-aisle Turboelectric Aircraft with Aft Boundary Layer propulsion (STARC-ABL) aircraft concept." If successful, this new airplane design could one day result in the creation of a commercial airliner boasting as much as a 50% increase in fuel efficiency.
And Boeing will own it.
Source: Fool.com