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WASHINGTON (Reuters) – NASA said Wednesday it awarded $425 million to Boeing (NYSE:BA) 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.
