The U.S. Air Force and venture capital funded a $60 million contract awarded on July 30 to Atlanta-based Hermeus Corp. to speed the commercial development of hypersonic aircraft and propulsion systems, Air Force Life Cycle Management Center (AFLCMC) at Wright-Patterson AFB, Ohio said on Aug. 5. AFLCMC's Presidential and Executive Airlift Directorate, the Air Force Research Laboratory (AFRL), and venture capital funded the contract, part of a larger effort--the "Vector Initiative"--to spur high speed passenger travel and the possible advancement…
