Boeing Company BA has opened an Engineering and Technology Center in Brazil, one of its 15 sites worldwide, to develop advanced aerospace technologies.
The engineering center is an expansion of Boeing's strategic investments in Brazil, where it employs about 500 engineers supporting current and future programs.
Boeing signed a Memorandum of Understanding (MOU) with the state of São Paulo to focus on support for education focused on science, technology, engineering, and mathematics (STEM), promote a joint agenda of industrialization and innovation, and enhance the talent pipeline throughout Brazil's aerospace ecosystem.
For the State University of Campinas (Unicamp), Boeing announced funding to extend their sustainability partnership to develop the third phase of the SAFMaps database to understand the feasibility of the most promising inputs for SAF production in specific areas in Brazil.
"Supported by Boeing, the development of SAFMaps as an innovative web platform lead by Unicamp is focused on helping accelerate sustainable aviation fuels (SAF) production in Brazil," said Mechanical Engineering professor who leads the project at Unicamp Arnaldo Walter.
"The project, led by the university, currently includes 13 Brazilian states with the greatest potential for biomass production."
Boeing also announced the company's first internship program in Brazil for students in their final year of engineering studies.
Price Action: BA shares are trading higher by 1.9% at $197.26 on the last check Wednesday.
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