Aspiring advanced air mobility (AAM) vehicle developers gathered for an event near the U.S. Capitol described their progress toward entering commercial service on a day that saw the AAM ranks thinned by one company.
Regent’s seaglider technology demonstrator completed its first successful series of flights in Narragansett Bay, Rhode Island, on Sept. 19, utilizing all three modes of maritime operation—floating, foiling and flying.
The advanced air mobility industry’s publicly traded companies in the AAM Composite showed a 7% increase in average price for the five days beginning Sept. 13 and ending Sept. 19 over the previous five-day period.
Electric Power System has secured another battery pack supply contract in the emerging electric aircraft market with its selection to provide the energy storage system for Ampaire’s hybrid-electric Eco Caravan conversion of the Cessna Caravan single-turboprop utility aircraft.
The FAA has awarded Raytheon Intelligence & Space an indefinite delivery, indefinite quantity contract with a ceiling of $375 million over 10 years to upgrade the Wide Area Augmentation System space-based precision navigation system.