While private investment in commercial space reached a record $3.9 billion in 2017, most commercial spaceport facilities still have not hosted many -- or any -- launches. Frank Slazer, vice president of space systems at the Aerospace Industries Association, cautioned against "irrational exuberance" in this emerging market.
The State Department will roll out new financing options for weapons sales to allies and partners, helping the US compete with exporters such as Russia and China. Dak Hardwick, assistant vice president for international affairs at the Aerospace Industries Association, points out that neither China nor Russia are as restrictive as the US when it comes to the use of weapons systems post-sale.
Mexico has been cleared by the State Department for its first purchase of Raytheon Evolved Seasparrow missiles.
Raytheon and a Dynetics-Lockheed Martin team will go head to head in developing new technology for the Army's high-energy laser tactical vehicle demonstrator.
Boeing Chief Technology Officer Greg Hyslop says the industry may be closer than many think to achieving hypersonic passenger flight. The company says it has pinpointed the technology combination needed to create an operational commercial aircraft capable of Mach 5.
NASA is investing in commercial space exploration technologies, recently announcing 20 contracts with a total value of $55 million. NASA's Tipping Point initiative seeks to advance technologies that are close to being applicable in space.
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