Defence News has a story up on the death of Dr. Robert Bussard in which they state that the US Navy has put up nearly $2 million to continue the research on the Bussard Reactor.

Robert Bussard, inventor of a promising method for producing energy from nuclear fusion, died Oct. 6. He was 79.
Bussard received nearly $2 million under a U.S. Navy contract in August to continue work on an inertial electrostatic confinement reactor he had developed. The reactor uses magnetic fields to confine electrons, whose negative charge causes protons and Boron 11 atoms to fuse. The fusion sets off a chain of reactions that produces electricity.

I have a bit to say about Dr. Bussard’s life work at Dr. Bussard has died.
You can find out more about the Bussard reactor at the following urls.
Bussard Fusion Reactor
Easy Low Cost No Radiation Fusion
Bussard Reactor Funded
Dr. Bussard’s Final Interview
IEC Fusion Newsgroup
IEC Fusion Technology blog
Cross Posted at Power and Control