Maker of electric airplane engines gets $74M NASA grant
EVERETT — An Everett company has received a $74 million grant from the National Aeronautics and Space Administration to advance electric aircraft propulsion technology.
MagniX, a firm that designs and builds electric motors to power aircraft, is one of two companies selected by NASA to support the space agency’s Electric Powertrain Flight Demonstration program. The other firm is GE Aviation of Cincinnati, which received $179 million.
The grant money will be distributed over five years under a NASA initiative to introduce electric aircraft propulsion technologies to the nation’s aviation fleets by 2035.
MagniX and its sister company, Eviation Aircraft, which is building an all-electric commuter airplane, relocated to Snohomish County last year. Both firms are subsidiaries of the Clermont Group, a private investment firm based in Singapore.
https://www.heraldnet.com/business/maker-of-electric-airplane-engines-gets-74m-nasa-grant/