Do-anything modular military jet will switch between different roles imeche.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imeche.org Daily Mail and Mail on Sunday newspapers.
British military jet developer, Aeralis, has signed an initial £10.5 million ($14.5 million) investment agreement with an as-yet unnamed “Middle Eastern sovereign wealth fund”.
This new injection of finance will be used to support the design, development and first flight of the company’s innovative Advanced Jet Trainer (AJT) platform.
Earlier this year, the start-up agreed a three-year contract with the UK Royal Air Force’s Rapid Capabilities Office (RCO) for research and development into a new modular approach to the design and development of future aircraft.
Qatar defence fund behind Aeralis investment flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.
DSEI 2021: Middle Eastern fund invests in Aeralis start-up airinternational.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from airinternational.com Daily Mail and Mail on Sunday newspapers.