
As the U.S. Air Force seeks to spend down its remaining fiscal 2022 funds before fiscal 2023 begins on Oct. 1, the service awarded future hypersonic power contracts this week to General Electric [GE] and Honeywell [HON] in response to white papers that the companies submitted. On Sept. 29, the Air Force awarded GE a nearly $18.6 million contract for Air Force Research Laboratory (AFRL) work on compact power generation for long-duration hypersonic vehicles. "This award is based off a…