Under the AFWerx contract, Pittsburgh-based Near Earth will develop an architecture that enables autonomous aircraft to operate safely and efficiently.
Global military expenditures in 2022 rose 3.7% to a record $2.24 trillion, driven by Russia’s invasion of Ukraine and related spending by Moscow and Kyiv.
The U.S. Air Force is moving funding around and requesting more in fiscal 2024 to upgrade the two existing Boeing VC-25As that fly the Air Force One mission.
Lockheed Martin Ventures has invested in electric seaglider startup Regent to speed up the development of a military variant of the company’s aircraft.