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The wingsuit acts exactly like a flying squirrel’s skin, the fabric catching the air and allowing him to steer with arm and head movements and to speed up or slow down by controlling how much surface area he presents to the air. Instead of falling straight down, he glides, moving three feet horizontally for every foot he descends vertically.
He says he can control his flight precisely enough to fly through a window.
Even though the suit slows his rate of descent substantially he’s still falling at about 100 feet per second — nearly 70 mph — and flying at around 110 mph.
Article.
http://today.msnbc.msn.com/id/23333055
Re: Wingsuit jumpers prepare for history, jumping without using a parachute
But the plan is to use no parachute whatsoever. One of the wingman says he need 2 million $ to design a ground base that he can land into safety without any parachute.