Boeing "Strikes" a Deal to Buy Revolutionary Heli-Plane Maker
It's been about a year and a half since we first learned of the Defense Advanced Research Projects Agency's "LightningStrike Project," the scary-sounding name attached to an entirely benign story of a new class of aircraft that DARPA wants to build. With LightningStrike, DARPA -- the "mad scientist" arm of the U.S. Department of Defense -- aims to create an electrically powered airplane that can launch vertically (i.e., no runway required) but fly horizontally at ordinary-plane-like velocities.
And now Boeing (NYSE: BA) will own that plane.
Source: Fool.com
Boeing Co. Stock
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