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Boeing Investing An Additional $450M In California-Based Wisk – A Flying Pilotless Taxi Developer

By John F. Heerdink, Jr.

Reportedly, Boeing (BA) is investing another $450 million in Wisk Aero to support the development of future pilotless flying taxis. California-based Wisk is one of the dozens of electric vertical take-off and landing makers but differs in focusing its efforts on an autonomous flight. Wisk is owned by Boeing and Kitty Hawk, the air vehicle firm launched by Larry Page, the Google co-founder.

“Our view is that is the big strategic advantage of Wisk, going straight to a self-flying aircraft, building those principles in at every level of the design and development,” stated Boeing’s Chief Strategy Officer Marc Allen.

Boeing informed it would be the first autonomous passenger-carrying vehicle in the U.S to be certified. It did not give a date, but as per sources, it is believed that the idea was to present it for certification in around 2028. The aerospace giant owns an undisclosed majority stake in Wisk. In a statement, Wisk informed that a $450 million investment from Boeing would make it “one of the most well-funded” companies of its type, but gave no further details.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

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(Read Original Story: UPDATE 2-Boeing invests $450 mln in flying taxi developer Wisk in Reuters)


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