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Business/Financial

Boeing HorizonX Invests In Drone Delivery Firm Matternet

By Cal Biesecker

Tuesday, June 26th, 2018

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Boeing HorizonX Invests In Drone Delivery Firm Matternet

Boeing’s [BA] year-old ventures unit on Tuesday announced its fourth investment in autonomous aircraft systems, leading a funding round in Matternet, a startup firm that has developed unmanned aircraft systems (UAS) and related software for delivering small packages.The $16 million Series A funding also includes Swiss Post, Sony Corp.'s [SNE] Sony Innovation Fund, and Levitate Capital.“Matternet’s technology and proven track record make the development of a safe, global autonomous air mobility system a near-term reality,” Brian Schettler, managing director of…

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]