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By Jon Hemmerdinger2021-02-02T19:42:00+00:00
A new aerospace company led by former Boeing head Dennis Muilenburg has assembled an experienced management team and aims to advance technologies such as alternative propulsion, automation and manufacturing.
That is according to documents recently disclosed by Muilenburg’s new venture – a “blank-check” investment company called New Vista Acquisition.
Blank-check companies are publicly traded firms established for the sole purpose of raising money to acquire and bring public other companies.
Source: Shutterstock
Former Boeing CEO Dennis Muilenburg
When formed, blank-check companies do not disclose acquisition targets; they raise money based on the experience of their management teams.