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Boeing launches venture-capital arm

April 16, 2017/

Boeing has formed a small venture-capital division called HorizonX to capture some of the innovation and entrepreneurial spirit of tech startups.

Steve Nordlund, who previously headed InSitu — the drone company based in Bingen, Klickitat County, that Boeing acquired in 2008 and made into its small drone division — has been appointed to lead HorizonX, which he said aims to invest "tens of millions of dollars per year" in companies that have interesting technologies.

By Dominic Gates
Seattle Times aerospace reporter

Full Story: http://www.seattletimes.com/business/boeing-aerospace/boeing-launches-venture-capital-arm-invests-in-local-electric-airplane-firm/

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