Lilium's board turnover comes on the heels of the Bavarian state government clearing the way for a €50 million ($55 million) loan guarantee to support the AAM outfit.
Lilium has begun integration testing of the electric power system for the Lilium Jet electric vertical-takeoff-and-landing aircraft in a laboratory in Munich.
Germany acquired the IRIS-T SLM last year as part of a wider push to bolster its air and missile defenses in response to Russia’s 2022 invasion of Ukraine.
More than half of the alliance’s member nations rallied at the annual summit to commit to harnessing satellite-derived data collection over the next five years.
Defense tech startups raised $9.1 billion in the first half of 2024 compared to $34.9 billion for all of 2023 and $35.8 billion in 2022, a new report says.