“The future of mobility – moving goods, moving cargo – moving people – that future is happening now and it’s going to accelerate over the next five years and ramp up even more beyond that.” -Dennis Muilenburg, Boeing’s president, chairman and CEOTo learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates.
Commuting to Work Like George Jetson Just Got a Little Closer!
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. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. The animated show from our past “The Jetson’s” may have not been too far off in their imaginary futuristic world with flying hover cars and robotic contraptions. Boeing is racing into the future with the inaugural test flight of its flying car. Although the prototype’s hover was brief, it was a major step in transforming transportation and delivery. The world’s largest plane maker is competing against rival Airbus SE along with other firms to bring the world self-flying vehicles that are capable of vertical takeoff and landing. The face of the aerospace industry could see major changes in the coming decade. Boeing’s prototype is 30 feet in length and is described as “part helicopter, part drone, part fixed-wing plane”. The vehicles flight was a few feet off the ground and came in for a gentle landing after just under a minute of being airborne. The next trial runs will look to test the vehicles forward, wing borne flight. Obstacles that Boeing continues to face with this aircraft include critical safety and regulatory issues and how to blend traditional roadway traffic with potential masses of flying cars. The company is currently working with both SparkCognition Inc. and the U.S. Federal Aviation Administration to create a traffic management system for 3D highways along with regulatory framework for the autonomous vehicles to fly safely around buildings. Boeing’s goal for the car is to achieve a range of 50 miles with two flying car variants that are capable of carrying two and four passengers each.