The Cessna XT-37 Tweet trainer prototype is flown for the first time at Wichita, Kan. The T-37 will fly for more than 40 years as the Air Force’s primary trainer. (The Air Force and Navy selected a new joint primary trainer, the Raytheon T-6A Texan II, with deliveries beginning in 1999.)
The Pentagon's Office of Strategic Capital is giving a $150 million conditional loan to Rocket Lab meant to increase the launch rate for its new reusable Neutron rocket, which is slated for its first flight next year.