Naverus

About Naverus

Naverus, Inc. was a specialized firm in the aviation technology sector, focusing on Performance-based Navigation (PBN) services. Founded in February 2003 by two Alaska Airlines pilots, Steve Fulton and Hal Andersen, along with entrepreneur Dan Gerrity, the company was established to broaden the application of Required Navigation Performance (RNP) solutions. The founders' background was deeply rooted in the practical application of aviation technology; Fulton, in particular, was a pioneer in developing RNP standards and led the creation of an operational RNP capability at Alaska Airlines. This experience of creating safer and more efficient flight paths in challenging environments like Juneau, Alaska, formed the bedrock of Naverus's mission.

The company's core business involved the development, maintenance, and operational support of advanced navigation procedures for a global clientele that included airlines, air navigation service providers, and airports. Naverus specialized in creating RNP procedures, which are a form of PBN that allows aircraft to fly along a precise, predetermined 3D path. This technology offers significant benefits, including reduced flight times, lower fuel consumption, decreased carbon emissions, and less community noise, particularly during departures and approaches. The service was crucial for optimizing flight paths in complex terrains, such as mountainous regions, and in congested airspace. By designing and deploying hundreds of these custom-tailored procedures worldwide, Naverus helped its clients enhance safety, capacity, and overall operational productivity. The firm's business model centered on providing these high-value consulting and technology services, generating revenue through the design and maintenance of these sophisticated navigation systems.

A significant milestone in the company's history was its acquisition by GE Aviation in November 2009. This event marked the integration of Naverus's RNP technology with GE's extensive suite of avionics and flight management systems. The acquisition was a strategic move for GE to enhance its air traffic management service solutions and expand its commitment to environmentally responsible aviation, aligning with major initiatives like the FAA's "NextGen" and Eurocontrol's "SESAR". Following the acquisition, Naverus was rebranded as GE's PBN Services unit. Before being acquired, Naverus was a privately held company headquartered in Kent, Washington, and had successfully raised $14.2 million in funding over two rounds from investors including Foundation Capital and East Peak.