USAF Selects Electra for up to $85M in Funding for eSTOL Development - Avionics International

USAF Selects Electra for up to $85M in Funding for eSTOL Development - Avionics International: The USAF’s AFWERX program chose Electra for a Strategic Funding Increase award. This award secures up to $85 million for Electra's eSTOL development.

Shield AI Raises $165 Million In Funding Round To Accelerate Autonomous Piloting - Aviation Today

Shield AI Raises $165 Million In Funding Round To Accelerate Autonomous Piloting - Aviation Today: Defense technology startup Shield AI has closed a $165 million funding round that the company said will be used to accelerate the development artificial intelligence (AI) pilots, including in degraded GPS and communications environments. Shield AI said that with the investment it is now the fourth startup valued in the multi-billion-dollar range in the past 20 years, …