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THE BOEING COMPANY

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Boeing : Australian Unmanned Aircraft Completes First Taxi

10/22/2020 | 05:59am EST

AUSTRALIA - The Boeing Loyal Wingman aircraft being developed with the Royal Australian Air Force (RAAF) recently moved under its own power for the first time, a key milestone for the aircraft that's expected to make its first flight this year.

"Air Force partners with industry to ensure we can find innovative solutions to meet our future priorities," said Air Vice-Marshal Cath Roberts, RAAF Head of Air Force Capability. "Boeing's Loyal Wingman project is a perfect example of what this collaborative approach can achieve."

"Seeing the prototype take to the runway for this low-speed taxi test is an exciting moment - another significant development milestone ahead of its first flight."

Reaching a maximum speed of 14 knots (approximately 16 mph, or 26 kilometers per hour), on the ground, the aircraft demonstrated several activities while maneuvering and stopping on command.

"The low-speed taxi enabled us to verify the function and integration of the aircraft systems, including steering, braking and engine controls, with the aircraft in motion," said Paul Ryder, Boeing Australia Flight Test manager.

Three Loyal Wingman prototypes will be the foundation for the Airpower Teaming System that Boeing will offer customers worldwide.

The aircraft will fly alongside other platforms, using artificial intelligence for such teaming missions. It has advanced design and flight characteristics, including a modular nose section that's customizable for specific needs and a conventional takeoff and landing approach suitable for many missions and runway types.

"Runway independence ensures the aircraft will be a highly flexible and adaptable system for our global customers," said Dr. Shane Arnott, program director, Boeing Airpower Teaming System. "This latest test marks the first full unmanned movement of the Loyal Wingman with our Australian partners and takes us a step closer to first flight."

For more information about the Boeing Airpower Teaming System, visit https://www.boeing.com/defense/airpower-teaming-system/.

For more information on Boeing Defense, Space & Security, visit www.boeing.com. Follow us on Twitter: @BoeingDefense and @BoeingSpace.

Boeing is the world's largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

# # #

Contact:

Melanie de Git

Boeing Australia

Mobile: +61 423 829 505

melanie.degit@boeing.com

Alicia Francis

Boeing Defense, Space & Security

Mobile: +1 314-308-1244

alicia.francis@boeing.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 59 100 M - -
Net income 2020 -4 084 M - -
Net Debt 2020 39 375 M - -
P/E ratio 2020 -29,9x
Yield 2020 0,47%
Capitalization 120 B 120 B -
EV / Sales 2020 2,70x
EV / Sales 2021 2,05x
Nbr of Employees 161 100
Free-Float 55,7%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 212,05 $
Last Close Price 213,01 $
Spread / Highest target 43,7%
Spread / Average Target -0,45%
Spread / Lowest Target -41,3%
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David L. Calhoun President, Chief Executive Officer & Director
Lawrence W. Kellner Non-Executive Chairman
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & Executive VP-Enterprise Operations
Theodore Colbert Executive Vice President
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