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airforce.com

Investments

277

Portfolio Exits

16

Partners & Customers

10

About U.S. Air Force

The United States Air Force (USAF) is the aerial warfare, space warfare, and cyberwarfare service branch of the United States armed forces and one of the American uniformed services.

Headquarters Location

Arlington, Virginia,

United States

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CB Insights Intelligence Analysts have mentioned U.S. Air Force in 2 CB Insights research briefs, most recently on Jun 1, 2023.

Latest U.S. Air Force News

Joby Accelerates eVTOL Delivery to Edwards Air Force Base

Oct 3, 2023

Joby Accelerates eVTOL Delivery to Edwards Air Force Base Joby Aviation, Inc. (NYSE:JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced it has delivered its first aircraft to Edwards Air Force Base approximately six months ahead of the expected 2024 delivery date. On-base operations with Joby aircraft will be used to demonstrate a range of logistics missions, including cargo and passenger transportation, and will be operated by both Joby and U.S. Air Force personnel. In partnership with the U.S. Air Force, NASA will also use the aircraft for research focused on how these aircraft could fit into the national airspace, benefiting the entire air taxi industry. Joby’s aircraft, which has already begun flying at Edwards AFB, is the first electric air taxi to be stationed on a U.S. military base and is believed to be the first delivery of an electric air taxi in the U.S., as part of Joby’s $131 million AFWERX Agility Prime contract with the U.S. Air Force. Joby’s current and previously completed work with the Department of Defense represents a total potential contract value of $163 million, the largest in the industry. The Agility Prime contract includes the provisioning of up to nine aircraft to the U.S. Air Force and other federal agencies, reinforcing the U.S. government’s continued leadership in developing and adopting eVTOL technology, and ushering in a new era of electric aviation. A second aircraft is planned to be delivered to Edwards in early 2024. The aircraft, which was the first built on Joby’s Pilot Production Line in Marina, CA, will be stationed at Edwards Air Force Base for at least the next year, with charging and ground support equipment provided on-base by Joby in a facility purpose-built by the Air Force for joint flight test operations. The U.S. Air Force and Joby will conduct joint flight testing and operations to demonstrate the aircraft’s capabilities in realistic mission settings. On-base operations will also include the training of Air Force pilots and aircraft maintenance crews, which will provide the DOD with valuable insight into the performance of eVTOL aircraft and will give Joby on-the-ground operational and training experience as the company prepares for the launch of commercial passenger service in 2025. “We’re proud to join the ranks of revolutionary aircraft that first demonstrated their capabilities at Edwards Air Force Base, including the first American jet fighter, the first supersonic aircraft, and many others that have pushed the boundaries of aviation technology,” said JoeBen Bevirt, Founder and CEO of Joby. “The longstanding support of the DOD and NASA has been critical to the rapid development of electric aviation and eVTOL aircraft, and demonstrates how successful public-private partnerships can bring new technology to life at speed. Their work will have profound implications for continued American leadership in both commercial and defense aerospace technology,” he added. Joby’s partnership with the DOD dates back to its 2016 engagement with the Defense Innovation Unit (DIU), which granted the company early funding as well as access to test ranges and expertise that have aided its aircraft development program. “Agility Prime’s stated objective in 2020 was to work towards an operational capability for transformative vertical lift in the DoD by 2023. The arrival of Joby’s aircraft at Edwards AFB is an important step towards achieving this objective,” said Col Elliott Leigh, AFWERX director and Chief Commercialization Officer for the Department of the Air Force. “The delivery of this first eVTOL aircraft is the start of a new chapter in Edwards’ rich aerospace history,” notes Maj Phillip Woodhull, director, Emerging Technologies Integrated Test Force. “This partners private industry with the 412th Test Wing’s world-renowned test management execution. We are excited to agilely test, experiment with, and evaluate this new technology for potential future national defense applications.” In partnership with the U.S. Air Force’s AFWERX program, NASA will also be supporting this testing at Edwards Air Force Base with NASA’s pilots, researchers, and equipment as part of their commitment to advancing the Advanced Air Mobility industry as a whole, for the benefit of all. NASA’s Armstrong Flight Research Center is located on Edwards Air Force Base, and has a long history of supporting important technological milestones in aviation and space – supersonic and hypersonic flight, digital fly-by-wire control systems, and the space shuttles. “NASA’s participation in the Joby and AFWERX project will provide our researchers with hands-on experience with a representative eVTOL vehicle, concentrated on how these types of aircraft could fit into the national airspace for everyday use, that will inform NASA’s effort in supporting the entire eVTOL industry,” said NASA research pilot Wayne Ringelberg. “The research will include a focus on handling qualities evaluation tools, autonomy, and airspace integration, which is all needed research to push the industry forward.” Over the past year, the U.S. Air Force and Marines have made multiple visits to Joby’s manufacturing and flight test facilities in Marina, CA. Four U.S. Air Force pilots completed full remotely-piloted transition flights of the Joby aircraft in April, and two groups of Marines visited in May to conduct mission analysis regarding potential logistics and medical applications of the aircraft. With a range of up to 100 miles plus energy reserves and a top speed of 200 mph, the Joby aircraft is capable of transporting a pilot and four passengers quickly and quietly with zero operating emissions. Prev post

U.S. Air Force Investments

277 Investments

U.S. Air Force has made 277 investments. Their latest investment was in IncludeHealth as part of their Grant - III on July 7, 2023.

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U.S. Air Force Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/18/2023

Grant - III

IncludeHealth

$1.5M

No

1

6/13/2023

Grant

STAT Health

Yes

3

4/26/2023

Grant - IV

X-Bow Launch Systems

Yes

2

1/31/2023

Grant - IV

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$99M

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10

1/6/2023

Grant - III

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$99M

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10

Date

7/18/2023

6/13/2023

4/26/2023

1/31/2023

1/6/2023

Round

Grant - III

Grant

Grant - IV

Grant - IV

Grant - III

Company

IncludeHealth

STAT Health

X-Bow Launch Systems

Subscribe to see more

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Amount

$1.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

3

2

10

10

U.S. Air Force Portfolio Exits

16 Portfolio Exits

U.S. Air Force has 16 portfolio exits. Their latest portfolio exit was Nuburu on August 30, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/30/2022

Reverse Merger

$99M

3

4/1/2022

Acquired

$99M

8

1/19/2022

Acquired

$99M

3

12/9/2021

Reverse Merger

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$99M

Subscribe to see more

10

10/28/2021

Acquired

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$99M

Subscribe to see more

10

Date

8/30/2022

4/1/2022

1/19/2022

12/9/2021

10/28/2021

Exit

Reverse Merger

Acquired

Acquired

Reverse Merger

Acquired

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

8

3

10

10

U.S. Air Force Partners & Customers

10 Partners and customers

U.S. Air Force has 10 strategic partners and customers. U.S. Air Force recently partnered with Joby on September 9, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

9/25/2023

Vendor

United States

Joby Delivers First eVTOL Aircraft to Edwards Air Force Base Ahead of Schedule

In partnership with the U.S. Air Force , NASA will also use the aircraft for research focused on how these aircraft could fit into the national airspace , benefiting the entire air taxi industry .

3

9/13/2023

Vendor

Accenture Federal Services Wins $25 Million Award to Help the U.S. Air Force Build a First-of-its-Kind "Digital Depot"

`` Accenture is thrilled to be selected to transform operations for the Center , incorporating connected devices , machine learning , and Operational Technology cyber into this complex ecosystem to deliver valuable analytics and manufacturing transformation . ''

3

9/13/2023

Vendor

Ireland

Accenture Federal Services Wins $25 Million Award to Help the U.S. Air Force Build a First-of-its-Kind “Digital Depot” Accenture Federal Services Wins $25 Million Award to Help the U.S. Air Force Build a First-of-its-Kind “Digital Depot”.

`` Accenture Federal Services is thrilled to be selected to transform operations for the Center , incorporating connected devices , machine learning , and Operational Technology cyber into this complex ecosystem to deliver valuable analytics and manufacturing transformation . ''

1

9/12/2023

Vendor

United States

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10

9/11/2023

Vendor

United States

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Subscribe to see more

10

Date

9/25/2023

9/13/2023

9/13/2023

9/12/2023

9/11/2023

Type

Vendor

Vendor

Vendor

Vendor

Vendor

Business Partner

Country

United States

Ireland

United States

United States

News Snippet

Joby Delivers First eVTOL Aircraft to Edwards Air Force Base Ahead of Schedule

In partnership with the U.S. Air Force , NASA will also use the aircraft for research focused on how these aircraft could fit into the national airspace , benefiting the entire air taxi industry .

Accenture Federal Services Wins $25 Million Award to Help the U.S. Air Force Build a First-of-its-Kind "Digital Depot"

`` Accenture is thrilled to be selected to transform operations for the Center , incorporating connected devices , machine learning , and Operational Technology cyber into this complex ecosystem to deliver valuable analytics and manufacturing transformation . ''

Accenture Federal Services Wins $25 Million Award to Help the U.S. Air Force Build a First-of-its-Kind “Digital Depot” Accenture Federal Services Wins $25 Million Award to Help the U.S. Air Force Build a First-of-its-Kind “Digital Depot”.

`` Accenture Federal Services is thrilled to be selected to transform operations for the Center , incorporating connected devices , machine learning , and Operational Technology cyber into this complex ecosystem to deliver valuable analytics and manufacturing transformation . ''

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Sources

3

3

1

10

10

U.S. Air Force Team

30 Team Members

U.S. Air Force has 30 team members, including current Chief Technology Officer, John Casebolt.

Name

Work History

Title

Status

John Casebolt

Chief Technology Officer

Current

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Name

John Casebolt

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Work History

Title

Chief Technology Officer

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Status

Current

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