As reported by AOL Defense: The winner of the first phase, to design the new vehicle's engine, suspension, and other motive systems, will get a $1 million prize. Should a team win all three phases -- drivetrain, chassis, and the whole vehicle -- it would take home $4 million. Ultimately, if DARPA's winner proves superior to the results of a traditional Pentagon competition among major defense firms, it could become the Marine Corps' new Amphibious Combat Vehicle.
DARPA hopes that, by opening the competition to the public, they'll be able to develop the vehicle 5 times faster, through social collaboration and open-source design. For more information, check out the video below and head over to AOL Defense for the full report.