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Boeing is buying the company that is helping Uber develop flying taxis (BA)

Boeing announced on Thursday it will buy Aurora Flight Sciences for an undisclosed amount. Aurora has partnered with Uber on flying cars.

Boeing announced Thursday that it will acquire Aurora Flight Sciences, an aviation and aeronautics research company that has partnered with Uber on its flying taxi project. The terms of the deal were not disclosed.

The vehicle is a hybrid and relies on 24 ducted fans driven by electric motors to hover.

An Aurora representative said Thursday that it will continue to work with its existing partners and suppliers following the Boeing acquisition.

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