Investing In The Future
In an effort to create an advanced supersonic business jet, Boeing has announced that they will be making a significant investment into Aerion's AS2 aircraft development. Boeing said it will provide the Nevada based company with engineering, manufacturing and flight-test resources, as well as some parts of the plane.
The AS2 is a sleek supersonic business jet capable of travelling at speeds up to Mach 1.4, approximately 1000mph, with 12 passengers comfortably resting on board. Once completed, this plane of the future will be flying at speeds up to 70% faster than business jets today. Saving an estimated three hours on transatlantic flights.
With this investment, Boeing has surpassed Lockheed Martin, which in December of 2017 announced a memorandum of understanding with Aerion “to explore the feasibility of joint development” of the AS2. Aerion spokesman Jeff Miller said the new agreement with Boeing supersedes that MOU.
Steve Nordlund, vice president and general manager of Boeing NeXt, the company’s research and development unit, said “This is a strategic and disciplined leading-edge investment in further maturing supersonic technology,” adding that the combination of “Aerion’s supersonic expertise with Boeing’s global industrial scale and commercial aviation experience … (will) build the future of sustainable supersonic flight.”
The plane is slated for a 2025 release with the first flight test scheduled for 2023. Terms of the deal were not disclosed.
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Coty White is a journalist at GoldenGOAT Articles that specializes in business, travel, lifestyle, innovation and the environment. Aside from his time spent as a reporter, he is an active stock trader and current owner of four successful companies.