© Reuters. Signage for Boeing is seen on a trade pavilion at the Farnborough International Airshow, in Farnborough, Britain, July 19, 2022. REUTERS/Matthew Childs
WASHINGTON (Reuters) – NASA said Wednesday it awarded $425 million to Boeing (NYSE:) Co for the agency’s “Sustainable Flight Demonstrator” project as the Biden administration works to cut aviation sector emissions.
Boeing will work with NASA to “build, test, and fly a full-scale demonstrator aircraft and validate technologies aimed at lowering emissions,” the agency said. Over seven years, NASA will invest $425 million, while Boeing and its partners will contribute the remainder of the agreement funding, estimated at about $725 million.