What Happened
Aerospace Tech Firm Advances Autonomous Flight Capabilities
Merlin, Inc., an aerospace and defense technology company, has announced its second quarter 2026 financial results, reporting revenue of $2.2 million and a GAAP net loss of $(58.4) million. The company has made significant progress in its autonomous flight technology, including the completion of the Critical Design Review for the C-130J autonomy program and the execution of the first fully autonomous landing at EAA AirVenture Oshkosh. Merlin has also expanded its strategic industry partnerships, including a non-binding Memorandum of Understanding with Israel Aerospace Industries. According to the company’s press release, as reported by GlobeNewswire.