Boeing is closing its Boeing NeXt innovation division just over two years since it launched the venture in July 2018. The move, confirmed by a Boeing spokesperson on September 17, raises questions about the future of the company’s shareholdings in eVTOL aircraft developers Wisk and Aurora Flight Sciences. Also now in doubt is whether Boeing will continue its investment in Aerion and its AS2 supersonic business jet program.
Boeing NeXt v-p and general manager Steve Nordlund announced the move to staff in an internal letter on September 15 and indicated that the decision had been taken in response to heavy financial losses sustained in the wake of the 737 Max grounding and the Covid-19 crisis. “Our goal is to move to a full pause as swiftly as possible,” he explained. “Organizations like these only have the privilege to exist when you have a healthy core business.”
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