Defense Daily reports, “The Defense Department’s office focused on speeding the development and delivery of systems and technologies to counter threats from small drones is requesting more than $580 million in research, development, test and evaluation funds in fiscal year 2027 and an unknown amount of procurement funding, according to Pentagon budget documents.”
Full Story (Defense Daily)
Tag: Investment
Investment, Innovation, and the U.S. Space Industrial Base
Toyota to Invest $500M in Joby’s eVTOL Air Taxi
Flying Magazine reports, “One of the world’s largest automobile manufacturers this week committed half a billion dollars to help develop a new mode of flight. Toyota on Wednesday announced it will funnel an additional $500 million into the commercial production and certification of Joby Aviation’s electric vertical takeoff and landing (eVTOL) air taxi. The four-passenger design—which takes off vertically like a helicopter but cruises on fixed wings—last year began crewed testing and is expected to begin ferrying customers as early as next year, pending FAA approval.”
Full Story (Flying Magazine)