Virgin Orbit CEO Dan Hart says the "Chapter 11 process represents the best path forward to identify and finalize an efficient and value-maximizing sale.”
One or more experimental aircraft could start flying in 2027 to prove the feasibility of a transporter that can speed up like a jet and land like a helicopter.
The acquisition plans, detailed April 3, are a component of the country’s €14.8 billion ($16.1 billion) increase in defense spending between 2022 and 2025.
Their names were unveiled by officials from NASA and the CSA in April 3 ceremonies at NASA Johnson Space Center facilities at nearby Ellington Airport here.
Spending over a 4-year period between fiscal '24-'27 on development and procurement across all five hypersonic weapon programs will total nearly $11.9 billion.
Lockheed Martin Australia’s consortium was selected for JP9102 phase 1 ahead of bids led by Airbus, Boeing Australia, Northrop Grumman Australia and Optus.
When the U.S. Space Development Agency’s first ten satellites become operational, it will mark the start of a massive change in the Pentagon’s architecture.
The Future Attack Reconnaissance Aircraft award is coming later than expected and Future Long-Range Attack Aircraft prototypes are slipping deliveries.
