German regional air mobility startup Lilium is to go public in a deal expected to provide up to $830 million in funds to complete certification, begin production and launch commercial operation of its piloted seven-seat Lilium Jet air taxi in 2024.
Boeing-backed Wisk has added the aerospace giant’s Insitu Pacific unmanned aircraft division to the team working to demonstrate autonomous passenger transport in New Zealand.
Europe plans a large-scale demonstration of urban air mobility in 2022 focused on the deconfliction of multiple different types of users of low-altitude airspace.
Supersonic business jet developer Aerion has released the first image of a planned follow-on airliner concept designed for entry-into-service around the end of the decade which will cruise at higher Mach cruise numbers closer to the hypersonic region.
Skyborg could also be a cargo delivery aircraft. The program launched by Air Force Research Laboratory is mainly known for developing artificial intelligence for a new family of unmanned combat air vehicles, but the program also includes Volansi's cargo delivery system.
Los Angeles-area rocket startup ABL Space Systems has closed a Series B investment round of $170 million, with the infusion going toward developing the 1,000-kg class RS1 launch vehicle and GS0 deployable launch system that should see its first launch this year.
Japan’s Toshiba has invested $15 million in U.S. counter-drone defense startup Fortem Technologies, the companies forming a strategic business alliance to combine and market their systems globally.
Aviation Week Network hosted PwC leaders to discuss technology disruption as the driver of today's aerospace and defense strategies, and the role M&A plays in propelling this disruption
A campaign to highlight enforcement of the UK’s laws on flights by small unmanned aircraft—and to emphasize the penalties that will be imposed when they are broken—has been launched this week by the nation’s airspace regulator, police force and government.
