The North American Wave Engine Corporation (NAWEC) is an aerospace company engaged in the design and development of wave engines for jet propulsion applications. NAWEC is leveraging recent scientific developments to offer unparalleled levels of Thrust-to-Weight and Thrust Specific Fuel Consumption without the use of any moving parts. This improved efficiency and order-of-magnitude cost improvements are going to become indispensable to a wide spectrum of market segments ranging from commercial transport aircraft to the rapidly-growing UAV sector.