Aviation news analysis
50 SKY SHADES - World aviation news

Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys

Download: Printable PDF Date: 02 Nov 2017 06:39 categories:
Publisher:
Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys - Finance publisher
Tatjana Obrazcova
Country: United States

Applications could reduce weight and cost of materials

Represents first Boeing HorizonX investment in advanced materials technology

Boeing announced its investment in Valencia, Calif.-based Gamma Alloys, a leader in aluminum alloys focused on developing advanced metal-matrix composites for use in aerospace, automotive and other industries.

This investment by Boeing HorizonX Ventures, which was established earlier this year, is its first in advanced materials and machining development and applications.

"The wear, strength, durability and machining characteristics of Gamma's materials have the opportunity to further reduce the weight of our products," said Steve Nordlund, vice president of Boeing HorizonX. "The traction that Gamma Alloys has gained in automotive, energy and aerospace reinforces our confidence that Gamma has a unique set of materials."

Gamma Alloys, founded in 2008, is pursuing breakthroughs in nano-reinforced aluminum alloys, where the aluminum is reinforced with microscopic particles, or nanoparticles. These alloys provide increased stiffness, improved wear resistance, and greater strength than current materials across a wider range of temperatures. Gamma Alloys is particularly focused on custom solutions where design engineers are currently limited in what they can create with traditionally available materials.

"With funding from Boeing, we will explore compelling applications across demanding industries such as aerospace while accelerating our nanoparticle material development and the full-scale industrialization of our manufacturing processes," said Gamma Alloys CEO Mark Sommer. "The decision to choose Boeing HorizonX Ventures was simple – the opportunity to partner with Boeing was too compelling to pass up."

By leveraging the power of the world's largest aerospace company, Boeing HorizonX invests in new business ventures to unlock the next generation of game-changing ideas, products, and markets. The Boeing HorizonX Ventures portfolio includes investments in autonomous systems technology, wearable enabled technologies, augmented reality systems, hybrid-electric propulsion and artificial intelligence. HorizonX also seeks unique business opportunities and non-traditional partnerships for the company's aerospace technology using disruptive innovations and business strategies.

Chicago-based Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries.



Loading comments for Boeing HorizonX Invests in Advanced Materials Producer Gamma Alloys...


Recommended

ACE 18 – A winning Formula

BACA and Stansted News delivered a compelling day of activity for air charter brokers and operators at ACE18. Staged at London Biggin Hill airport on 11thSeptember, more than 850 people enjoyed a supe...

Nomad Aviation launches maintenance and hangarage services in Basel, Switzerland

Nomad Aviation has started to offer maintenance and hangarage services at its Basel, Switzerland facility at the beginning of August 2018. The company, branded as Nomad Technics AG, occupies a 7&rsquo...

Aviation History – CIDNA – East Arrow

Looking back to the beginning of 20 century, how fast was the air travel in your opinion? How interesting were destinations maps, what service packages existed? Visiting Bucharest Aurel Vlaicu...

airBaltic Carries 18% More Passengers During Summer

The Latvian airline airBaltic has transported 2 770 047 or 18% passengers more during the first eight months of 2018 than in the same period last year to its network spanning Europe, Sc...