The Aerospace Industries Association is calling on the US to proceed carefully when it comes to joining an international agreement on the use and export of weaponized drones. "The way you identify American interests in this technology and the use of this tech and the export of this tech -- it's all about the words," said AIA's Remy Nathan.
Lockheed Martin CEO Marillyn Hewson is crediting President Donald Trump for his business savvy and eye for cost cutting. "We had a good dialogue about how do we get through the current negotiations, how do we continue to bring the price down, how do we get to a point where we can get to a more economic order quantity -- multiyear, block buy, or something like that," she said. "He recognizes the capability was needed of the F-35, but he also recognized he wanted to get the best price."
The Federal Aviation Administration says demand for air travel will grow in the long term, fueled in part by airfares that won't outpace inflation. "Looking ahead, there is confidence that the industry has been transformed from that of a boom-to-bust cycle to one of sustainable profits," according to an FAA report.
Blue Origin is close to beginning tests of its BE-4 engine, according to founder Jeff Bezos. The company recently unveiled images of the completed engine.
Startup Rocket Lab has received $75 million in venture funding as the company prepares to begin its small satellite launch service. The company's Electron launch vehicle can handle satellites of up to 330 pounds.
President Donald Trump has signed a $19.5 billion NASA authorization for 2017, legislation that he says underscores the country's commitment to human space exploration. "America's space program has been a blessing to our people and to the entire world," Trump said.
House Democrats pointed to a study on Pentagon efficiency that suggested the Defense Department could save about $125 billion over five years as they criticized President Donald Trump's budget proposal. Rep. Elijah Cummings, D-Md., questioned the proposal's $54 billion budget boost for defense when the Defense Business Board study showed how much the DOD was wasting.
The Defense Advanced Research Projects Agency has narrowed the field for its Gremlins program to General Atomics and Dynetics. Both companies will work on the next phase leading to a demonstration of drone swarms that will be retrievable in flight.
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