"Since its inception, Aurora has been focused on the development of innovative aircraft that leverage autonomy to make aircraft smarter," said John Langford, Aurora founder and chief executive officer. "As an integral part of Boeing, our pioneered technologies of long-endurance aircraft, robotic co-pilots, and autonomous electric VTOLs will be transitioned into world-class products for the global infrastructure."

Terms of the agreement were not disclosed. This transaction, anticipated to close following receipt of customary regulatory approvals, does not affect Boeing's financial guidance. Once acquired, Aurora will be a subsidiary under Boeing Engineering, Test & Technology known as Aurora Flight Sciences, A Boeing Company. It will retain an independent operating model while benefiting from Boeing's resources and position as the leading provider of aerospace products and services.

Headquartered in Manassas, Virginia, Aurora has more than 550 employees and operates in six states in the U.S. including a research and development center located near MIT in Cambridge, Massachusetts, manufacturing facilities in Bridgeport, West Virginia and Columbus, Mississippi with offices in Dayton, Ohio, Mountain View, California and Luzern, Switzerland.

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