Boeing has announced a partnership with Aerion to build a next-generation supersonic aircraft.
As part of the agreement, Boeing made a significant investment in Aerion to accelerate technology development and aircraft design, and unlock supersonic air travel for new markets.
Terms of the deal were not disclosed.
Boeing will provide engineering, manufacturing and flight test resources, as well as strategic vertical content, to bring Aerion's AS2 supersonic business jet to market.
The AS2 is designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour.
With the ability to fly up to 70% faster than today's business jets, the AS2 will save approximately three hours on a transatlantic flight while meeting environmental performance requirements.
The aircraft is slated for first flight in 2023.
Steve Nordlund, VP and General Manager of Boeing NeXt, said: "Boeing is leading a mobility transformation that will safely and efficiently connect the world faster than ever before.
"This is a strategic and disciplined leading-edge investment in further maturing supersonic technology.
“Through this partnership that combines Aerion's supersonic expertise with Boeing's global industrial scale and commercial aviation experience, we have the right team to build the future of sustainable supersonic flight."
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