Shield AI secures $400M in funding for X-BAT fighter program
Summary
Shield AI announced a significant $400 million investment in its X-BAT fighter program, which includes a $150 million modification to an existing contract with the U.S. Navy and an equivalent investment from the company itself. This funding is part of the Defense Exportability Features program and will help advance the development of X-BAT, an AI-piloted, vertical takeoff and landing (VTOL) aircraft. The project aims to enhance the capabilities of U.S. Naval Aviation by enabling operations from ships and other challenging locations, thereby extending the long-range strike abilities of naval forces. Shield AI's Hivemind software is integral to the aircraft, allowing for operations in situations where GPS and communications may be compromised. X-BAT is scheduled for flight testing later this year.