Luminar Technologies Shares Rise 10% on Partnership With Airbus Subsidiary
April 26 2021 - 10:53AM
Dow Jones News
By Chris Wack
Luminar Technologies Inc. shares rose 10% to $24.45 after the
company said it is in a partnership with Airbus UpNext, an Airbus
SE subsidiary.
The technology company said the partnership is part of a new
Airbus Flightlab ecosystem launched in January, and it spans across
the entire scope of Airbus' business lines, using flight testing as
the principal means of proving out a variety of future
technologies.
The collaboration will see teams of experts from both companies
working to enhance sensing, perception, and system-level
capabilities to ultimately enable autonomous flight.
The primary goal of the technology platform is to increase
aircraft safety and ultimately enable autonomous operation with
automatic obstacle detection.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 26, 2021 10:38 ET (14:38 GMT)
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