(By Balaseshan) Aerospace giant
Boeing Co. (NYSE:
BA) is named associate partner to the air traffic management and airport systems supplier SELEX Sistemi Integrati in the European air traffic modernization program.
Boeing and SELEX Sistemi have entered into a collaboration agreement in support of the Single European Sky ATM Research (SESAR) program's development phase.
Boeing will cooperate with SELEX Sistemi with research in flight data modeling and data link communications for all phases of flight, and system-wide information management (SWIM) - an internet-like system that enables information-sharing across all stakeholders.
Boeing is applying an industry-leading portfolio of services and expertise to the SESAR program to further the modernization of the global air traffic system.
The agreement follows a Memorandum of Collaboration signed in October 2011 between Boeing and SELEX Sistemi in which the two companies agreed to cooperate on the SESAR and U.S. Next Generation Air Transportation System (NextGen) programs.
SELEX Sistemi are a member of the SESAR Joint Undertaking and one of the major contributors to the SESAR development phase. The SESAR program is the operational and technological answer to Europe's air traffic management challenges.
Embedded in the European Unions' (EU) ambitious Single European Sky initiative, the aim of SESAR is to ensure the modernization of the European air traffic management system by coordinating and concentrating all relevant research and development efforts in the EU.
BA is trading down 0.08% at $71.79 on Friday. The stock has been trading between $56.01 and $77.83 for the past 52 weeks.