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Stock impact report

Tech companies want flying taxis on the battlefield [Business Insider]

Beta Technologies, Inc. Class A (BETA) 
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Air taxi makers have been vying for regulatory clearance for short commercial flights in the US. They're also developing gas-electric hybrid versions in hopes of winning defense contracts. They say air taxis could be used for intelligence, surveillance, reconnaissance, or moving supplies. US tech companies are hoping soon to gain clearance for flying taxis that make short commercial hops like Manhattan to LaGuardia Airport. Eyeing defense dollars, they're also equipping air taxies for the battlefield. Air taxis have wings and propellers, allowing them to take off and land like a helicopter and fly like an airplane. You can't yet hail a flying taxi anywhere in the US, though those futuristic flights could be coming in the next couple of years. Pentagon leaders have shifted their focus to the tech industry , arguing that traditional defense Show less Read more
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