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Boeing Creates Innovation Cell, Invests In Two Tech Companies

Rich Abott By
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Boeing Creates Innovation Cell, Invests In Two Tech Companies

Boeing [BA] has created a new innovation ventures arm called Boeing HorizonX and has made its first investments into two tech companies, the company said Wednesday.Boeing HorizonX will have three main focus areas: targeted investments in new ventures and startups; seeking unique business opportunities for the company’s aerospace technology; and assessing disruptive innovations and business strategies. It is being led by Steve Nordlund, who previously served as vice president of strategy for Boeing’s Defense, Space, and Security business unit.Earlier, Nordlund…

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