Boeing Developing Flight Controls, Electronics for Commercial, Military Planes
The company projects the imitative to drive more services revenue to Boeing after a plane has been sold.
Aircraft manufacturing company Boeing Co (BA) - Get Boeing Company Report said on Monday that it has established an avionics group to make flight controls and other electronics for commercial and military aircraft, with the goal of introducing products by 2020.
Boeing stated that the team has already begun developing systems that it expects will be less expensive, higher quality alternatives to existing products made by suppliers.
The company projects the imitative to drive more services revenue to Boeing after a plane has been sold.
Scroll to Continue
TheStreet Recommends
Shares of Boeing were higher during midday trading on Monday.
More of What's Trending on TheStreet:
- These Are the 5 Worst Tech Stocks to Own
- Watch for the Trading Opportunities That Rebalancing Could Offer Today: Market Recon
- This Why President Trump Can Now Blame Apple for Atlantic's Reporting
- McDonald's Has One Restaurant in Poland That Looks Like the Future of the Golden Arches
