Boeing Going Vertical with 'Phantom Swift' Military X-Plane (Video) -- Yahoo News/Live Science
Aerospace giant Boeing is designing a new type of aircraft capable of taking off, hovering and landing vertically, the company says. Such vehicles are essentially hybrids of helicopters and fixed-wing airplanes, and could one day be used by the military to transport troops, weapons or cargo to and from the battlefield.
Boeing was one of four companies recently selected to receive funding from the Defense Advanced Research Projects Agency (DARPA) — the arm of the U.S. Department of Defense charged with developing new technologies for the military — to design new, unmanned vertical takeoff and landing (VTOL) aircraft. Boeing will receive $17 million as part of the agreement, which is part of DARPA's VTOL Experimental Plane, or X-Plane, program.
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My Comment: The above Live Science article provides a good description of DARPA's X-Wing Competition.