ATG, which hopes to one day see production of its tandem-seat twin-turbofan executive Javelin jet, announced yesterday that it will halt the jet's development. "Due to circumstances beyond ATG's control, it is unlikely that adequate funding can be secured in a timely manner," the company said through an e-mail Tuesday. It seems a 12-month search to secure funding for the high-performance business jet/military trainer has come up short, and the company says plans for its future will be decided "after proper communication with our strategic business partner."
This is a companion discussion topic for the original entry at https://www.avweb.com/news/atg-javelin-waiting-on-funds