Inversion announces it has been selected by SpaceWERX for a STRATFI award in the amount of $71 million to develop the next generation of autonomous re-entry vehicles and enable precision delivery to any location on Earth in under an hour, addressing the most pressing challenges in the Department of the Air Force (DAF).
The Air Force Research Laboratory and SpaceWERX, the innovation arm of the U.S. Space Force and a unique division within AFWERX, have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution.
The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now, Inversion will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.
Also Read: Linxup Launches Fleet Tool Tracking Feature
“Autonomous re-entry vehicles that can be called to Earth on demand will transform logistics and provide rapid access to even the most remote parts of the globe,” said Justin Fiaschetti, CEO of Inversion. “This contract will allow us to develop and demonstrate the technologies that make it possible to deliver cargo anywhere on Earth in minutes, from remote islands, to uninhabitable mountains, to the middle of the ocean.”
“The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.”
Inversion enables precision delivery on-demand from space to anywhere on Earth. Its fully autonomous re-entry vehicles deliver goods and gear to the planet’s toughest spots – remote islands, uninhabitable mountains, or the middle of the ocean – in less than an hour, within 20 feet (6 meters).
SOURCE: Businesswire