U.K. Air Taxi Leader Vertical Aerospace Secures $800M Funding Package
Company believes the financing will be enough to get it through certification, targeted for 2028.
Company believes the financing will be enough to get it through certification, targeted for 2028.
U.K. manufacturer signs an agreement in principle for a ‘comprehensive financing package.’
Firm will use the funding to complete its FAA certification and install SkyOS system on new airframes.
Veterans of Joby Aviation, Xwing, Northrop Grumman, and the U.S. Air Force secure seed funding and a defense contract.
Executive directive aims to make the state an attractive landing spot for developers of a new generation of aircraft.
Manufacturer secures its largest raise to date following a White House commitment to help the industry grow.
Trump administration aims to ramp up controller hiring while modernizing the facilities and systems they use.
Chance Saltzman, chief of space operations, says the department needs to increase its funding and workforce as it takes on greater responsibilities.
Agreements with Saudi Arabia’s Kingdom Aero and National Industrial Development Center aim to localize production of Doroni’s H1-X in the Middle East.
Funding will support the development of Beta’s two electric aircraft variants, as well as a network of charging stations that will support them.