NASA Awards Funding to GE Aviation and MagniX for the Development of Electric Propulsion

GE Aviation and MagniX are the two U.S. companies awarded a combined $253 million from NASA for the development of electric aircraft propulsion (EAP) technologies for aircraft. The technology developed through this funding intends to reach consumers by 2035 and has the potential to be a major contributor to the industry-wide commitment of a net-zero emissions goal by 2050.  With a combined value of $253.4 million, NASA’s funding was split between the two companies. GE Aviation received the majority of…