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Benzinga
Benzinga
Business
Akanksha Bakshi

CNH Industrial Subsidiary Raven Accelerates Expansion Of Facilities

Raven CNH Industrial CNHI Arizona State University Arizona Scottsdale Sioux Falls South Dakota
  • CNH Industrial (NYSE:CNHI) subsidiary Raven Industries is expanding its facilities to accelerate the advancement of its ag technology.
  • Raven has opened a new engineering center in Scottsdale, Arizona. This location provides strong connections to Arizona State University and access to a nearby test farm.
  • Raven is also planning a significant investment in expanding its Innovation Campus in Sioux Falls, South Dakota. 
  • Raven expects the expansions to enhance development in AI, autonomy, machine learning, and core technology.
  • "These expansions are a direct reflection of our commitment to autonomous development," noted John Preheim, Raven VP of Engineering.
  • Price Action: CNHI shares traded higher by 1.09% at $16.65 on the last check Thursday.
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