Staffers on Capitol Hill have discussed reauthorizing NASA spending and even approving a spending bill that funds the space agency by the end of the year. But whether they succeed depends on the results of the November election.

Pentagon spending appears on the presidential campaign radar primarily as it relates to the No. 1 issue—jobs and the economy. When the candidates travel to Virginia—a military-heavy state that could make a difference in the election's outcome—they have to address defense issues. But without much emphasis by the campaigns on military matters, Mitt Romney and President Barack Obama wind up stumbling on the details.

While NASA and industry are continuing to push toward a 2015 deadline set by Congress for integrating UAVs into civilian airspace (i.e., National Air Space, or NAS), the FAA is weighing concerns about the potential to compromise safety. NASA is considering a prize challenge to accelerate the integration of unmanned aircraft into the FAA's NextGen airspace system. Two competitions of increasing complexity would be run in late 2013 and 2014, with a combined prize purse of $1.5 million.

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Lightweight engine structures are gaining increased attention in the constant search for game-changing efficiency and better fuel burn.

The cutthroat competition in the Australian long-haul market is just as prevalent in the regulatory arena, as several airlines are proving with their vociferous opposition to a partnership proposed by Qantas and Emirates. While it would be a major surprise if permission were not granted by Australian regulators, the heated debate underlines how high the stakes are—not only for Qantas and Emirates, but for all of the international carriers serving this region.

Europe's aerospace and defense industry missed a unique opportunity to complete a wide-ranging consolidation process that began nearly 50 years ago. Combining EADS and BAE Systems would have created a world-class giant with an impressive €72.9 billion ($94.3 billion) in revenues, 216,000 employees and a comprehensive product range. Moreover, the initiative looked like a perfect fit.

Iceland is making progress on an automatic dependent surveillance-broadcast (ADS-B) network that will be a vital link in an ambitious plan to provide air traffic control coverage all the way across the Atlantic.