Even as the Obama administration pushes to have the FAA fund itself with the traveler-paid Airport and Airway Trust Fund, the White House predicts the fund's balance will grow steadily over the next decade. White House budget documents lay out a road map to wean FAA from general-fund contributions. As of 2015, the FAA budget request would have the trust fund cover 93% of FAA's operations, as well as its Airport Improvement Program, facilities and equipment, and research, engineering and development accounts.

The new P-8, a linchpin of the U.S. Navy's low-profile maritime patrol force, has been pushed into the limelight from its traditional mission of submarine-hunting to join the massive search for Malaysia Airlines Flight MH370, which disappeared March 8.

SpaceX delayed its third commercial cargo flight to the international space station (ISS) because of “payload contamination” problems in the unpressurized “trunk” of its Dragon spacecraft, but don't try to find out what those problems are. “We've had some issues with payload contamination that we will be addressing,” says Sam Scimemi, ISS program director at NASA headquarters, during a March 14 Space Transportation Association presentation. “We're going to have to assess that and replace some parts and get the rocket ready for launch again.

The case for a scaled-up successor to the Boeing 757

Changing market dynamics seen protecting mountainous backlogs

Russian President Vladimir Putin's move to annex the Crimean Peninsula is a “wake-up call,” says NATO Secretary-General Anders Fogh Rasmussen, who urged Europe to increase defense spending—particularly in the missile defense, cyber and intelligence, surveillance and reconnaissance arenas. “Developments in Ukraine are a stark reminder that security in Europe cannot be taken for granted,” he said last week. Russia's actions must have consequences, he warned.

The U.S. Navy/Northrop Grumman X-47B Unmanned Combat Air System (UCAS) team broke a barrier in 2013, proving that a stealthy, unmanned aircraft can operate on and around the aircraft carrier deck and clinching the Laureate for Aeronautics and Propulsion.

Italy's long-struggling aerospace and defense giant, Finmeccanica, is changing shape as it works to overcome debt and the effects of reduced government spending.