Budding Electric Aerospace Firm, LaunchPoint, Secures Several U.S. Department of Defense Contracts

Santa Barbara-area company awarded $1 million to develop hybrid-electric flight technology for U.S. Army, and two U.S. Air Force contracts to work on flying cars. GOLETA, California - LaunchPoint Electric Propulsion Solutions, a pioneering California startup that produces electric motors for the aerospace industry, has been awarded several U.S. Department of Defense Contracts in its first six months [...]