Boeing agrees to buy Aurora

Boeing Co. and Aurora Flight Sciences Corp., an innovator, developer and manufacturer of advanced aerospace platforms, have signed an agreement allowing Boeing to acquire AFS. Aurora specializes in autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles. Terms of the agreement have not been disclosed. The transaction is anticipated to close after receipt of regulatory approvals. Once acquired, Aurora will be a subsidiary under Boeing Engineering, Test & Technology. AFS will retain an independent operating model while benefiting from Boeing's resources and position as a provider of aerospace products and services. AFS is headquartered in Manassas, Va., and has a production facility in Columbus, Miss. (Source: NASDAQ 10/05/17) Golden Triangle Note: The Columbus facility is an Aerostructures Manufacturing and Final Assembly plant located at the Golden Triangle Regional Airport. The Mississippi facility fabricates and performs final assembly of composite aerostructures for defense and commercial aerospace customers, including Aurora’s Orion Medium Altitude-Long Endurance Unmanned Aerial Vehicle.