SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Nvidia Develops New Location-Verification Technology for AI Chips 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Boeing Co just unveiled its pilotless aircraft that looks like a fighter jet. It has been named the Loyal Wingman and was developed in Australia.
The new Boeing plane built-in AU
Boeing and the Royal Australian Air Force (RAAF) revealed on Tuesday, March 2, that it has completed the first flight test of this U.S. Air Force Skyborg prototype, and it was a successful event. This is the first of its kind since the aircraft flies without a pilot. Rather, it is operated in conjunction with crewed aircraft.
“The Loyal Wingman’s first flight is a major step in this long-term, significant project for the Air Force and Boeing Australia, and we’re thrilled to be a part of the successful test,” Air vice-marshal and RAAF head of Air Force Capability Cath Roberts said in a press release. “The Loyal Wingman project is a pathfinder for the integration of autonomous systems and artificial intelligence to create smart human-machine teams.
She added that through the venture, her group is learning how to integrate the new capabilities to complement and extend air combat and other missions. The test followed a series of trials to check and certify the plane’s functions, including navigation and control, ground handling, and pilot interface.
With its successful takeoff this week, the Loyal Wingman showed its power and functionality while flying through a pre-determined route at different speeds and altitudes. Its performance so far was remarkable and just demonstrated a good outcome from the Airpower Teaming System design.
“Boeing and Australia are pioneering fully integrated combat operations by crewed and uncrewed aircraft,” Leanne Caret, Boeing Defense, Space & Security president, and CEO, said. “We’re honored to be opening this part of aviation’s future with the Royal Australian Air Force, and we look forward to showing others how they also could benefit from our loyal wingman capabilities.”
Unmanned military aircraft
As per Reuters, the Loyal Wingman is the first military jet to be designed and made in Australia in over 50 years. It was said that the Australian government invested AUD$40 million or around $31 million for this project that Boeing could customize for international orders.
Finally, this pilotless Boeing plane measures 38 feet long or 11.6 meters and has a 2,000 nautical mile range. It can carry weapons, and its nose is removable to fit any payloads.
