:

Business/Financial

Airbus Ventures Invests In U.S. Hypersonic Rocket Company Venus Aerospace

By Cal Biesecker

Wednesday, June 14th, 2023

SHARE:

Airbus Ventures Invests In U.S. Hypersonic Rocket Company Venus Aerospace

Venus Aerospace RDRE Test, Spaceport Houston. Photo: Venus Aerospace

Venus Aerospace on Wednesday said that Airbus Ventures has joined the company’s team of investors, providing additional fuel to move its new rocket engine from the lab to the prototype stage. Houston-based Venus has developed what it says is the “world’s first liquid-propellant detonation rocket engine (RDRE), which the company also says offers “a double-digit percentage increase in efficiency over standard regular engines, making the hypersonic economy possible.” In October 2022, Venus said it was the first company to get…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]