:

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

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]