Boeing [NYSE: BA] has announced the company´s intention to establish a new research center in the Republic of Korea; the company is currently in discussion with the Korean government regarding the center opening, the company said.
The research center will focus on accelerating autonomy, artificial intelligence, avionics, analytics, smart cabin, smart factory and other technologies for future aerospace products.
In 2017, Boeing spent more than USD 400 million with Korean companies. Currently more than 48 Korean companies provide products and services for Boeing production and sustainment programs, research and development, and a broad range of internal services that support Boeing operations.
Boeing is the world´s largest aerospace company and manufacturer of commercial airplanes and defense, space and security systems. Boeing is also the world provider of combined commercial airlines and government services with customers in more than 150 countries.