Piasecki Aircraft Corp. (PiAC) has received a $37 million contract from the U.S. Air Force (USAF) to fund the development of its Aerial Reconfigurable Embedded System (ARES) tilt-duct VTOL aircraft and hydrogen fuel cell propulsion technologies, the company announced Tuesday.
The $37 million was awarded by the USAF’s Afwerx research and development program as part of its strategic funding increase (STRATFI) initiative, which is available for small businesses that have won Phase 2 contracts from the agency’s small business innovation research and technology transfer (SBIR/STTR) programs. STRATFI is designed to help “bridge the valley of death” between technology development and commercialization, according to the USAF.
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