Before Operation Epic Fury began, corporate media published a few very concerning headlines:

Fast forward to Monday afternoon: Operation Epic Fury against Iran has entered its 10th day. Jared Cohen, President of Global Affairs and Co-Head of the Goldman Sachs Global Institute, warned investors on the GS Weekend Macro Call that regional spillover risks worldwide were among his top concerns.

Latest headlines in the Middle East:

The focus of this note is not the energy market or global spillover risks. Rather, it is the fact that DARPA found time to publish a press release about an experimental aircraft with a historic lineage of X-planes.

DARPA said the new aircraft, called the X-76 and being built by Bell Textron, is designed to solve one of military aviation’s biggest trade-offs: combining airplane-like speed with helicopter-like runway independence.

The program, run jointly with U.S. Special Operations Command, aims to produce an aircraft that can cruise above 400 knots, hover in austere environments, and operate from unprepared surfaces.

DARPA said the X-76 has passed the Critical Design Review, and the program is moving into manufacturing, integration, assembly, and ground testing.

"For too long, the runway has been both an enabler and a tether, granting speed but creating a critical vulnerability," said Cmdr. Ian Higgins, U.S. Navy, serving as the DARPA SPRINT program manager. "With SPRINT, we're not just building an X-plane; we're building options. We're working to deliver the option of surprise, the option of rapid reinforcement, and the option of life-saving speed, anywhere on the globe, without needing any runway."

It seems like DARPA found a sweet spot to debut the X-76, given the world seemingly at war. This likely means more war funding from taxpayers and, most likely, tailwinds for defense companies to push new products.