A flying car in mid-2015? There are no guarantees in the world of envelope-pushing, mind-bending military tech, but DARPA says both AAI and Lockheed Martin have produced "feasible designs" for its Transformer (TX) program, known more casually as the "flying Humvee" initiative. Both designs have moved to Phase 2, which requires them to begin work on prototypes for evaluation at the end of fiscal 2012.
DARPA’s Transformer – sometimes referred to as the flying Humvee – seems to be moving right along, even if only on paper at this point. The DoD’s out-there tech incubator has awarded Carnegie Mellon University’s Robotics Institute $988,000 to develop an autonomous flight system for the vehicle, which would go a long way toward helping the proposed military vehicle get off the ground in both the literal and figurative senses.