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Business/Financial

Boeing’s Tech Venture Unit Invests In Detect And Avoid Radar Company

By Cal Biesecker

Thursday, March 15th, 2018

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Boeing’s Tech Venture Unit Invests In Detect And Avoid Radar Company

Boeing [BA] on Thursday said its HorizonX Ventures arm is part of a $15 million financing round for Fortem Technologies, a developer and manufacture of radar systems that enable unmanned aircraft systems (UAS) to safely fly beyond visual limits.Boeing doesn’t disclose the investments HorizonX makes other than to say they take minority stakes that range between the single millions of dollars to the low double-digit millions. Fortem, which is based in Utah and has just under 100 employees, said its…

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