Welcome to our dedicated page for New Horizon Aircraft news (Ticker: HOVR), a resource for investors and traders seeking the latest updates and insights on New Horizon Aircraft stock.
New Horizon Aircraft Ltd. reports company developments tied to its work as an advanced aerospace company developing a hybrid-electric vertical takeoff and landing aircraft for regional air mobility. News commonly centers on the Cavorite X7 program, including engineering progress, prototype and full-scale aircraft development, projected operating characteristics, and the company’s intended markets among regional operators, emergency service providers, and military customers.
Coverage also includes financial and operating results, management presentations, industry-event participation, collaborations supporting aircraft development, and capital actions used to fund the Cavorite X7 program and general corporate purposes.
Horizon Aircraft (HOVR) will participate in two investment conferences in September 2026.
Management will attend the Gabelli Annual Aerospace & Defense Symposium in New York City on September 10, 2026, where they will be available for 1x1 meetings. Horizon will also join the iAccess Alpha Virtual Best Ideas Fall Investment Conference on September 15–16, 2026, giving a virtual presentation on September 15 at 9:30 a.m. ET and holding 1x1 virtual meetings on September 16.
Horizon Aircraft (HOVR) has appointed Tom Hearne to its Board of Directors and named him Chair of the Audit Committee, effective immediately.
Hearne succeeds Trisha Nomura, who resigned from the Board and as Audit Committee Chair on September 4, 2026, for personal reasons. The company states that her resignation did not result from any disagreement regarding operations, policies, practices, or financial reporting. Nomura will remain a shareholder and be available in an advisory capacity.
Hearne brings over 30 years of senior executive and board experience in public and private technology companies, including participation in financings totaling more than $500 million. Horizon highlights his expertise in financial management, capital markets, and governance as important as it advances its Cavorite X7 hybrid-electric VTOL aircraft through manufacturing, testing, certification, and planned commercialization.
Horizon Aircraft (NASDAQ:HOVR) reported progress on the all-weather certification pathway for its Cavorite X7 hybrid-electric VTOL through an ongoing partnership with Flight Test Centre of Excellence (Cert Center Canada, 3C) and ice protection technologies developed by the University of Toronto. The company is working under a previously announced $10.5 million INSAT-funded all-weather vertical propulsion eVTOL project with 3C and UofT. In July 2026, wind tunnel testing began on small coupon samples featuring UofT’s ice protection technology, the first step in assessing its viability for the Cavorite X7. Horizon aims for Flight Into Known Icing (FIKI) capability to support reliable, year-round regional air mobility, especially for northern and remote communities currently reliant on weather-limited helicopters.
Horizon Aircraft (NASDAQ:HOVR) announced that its management will participate in two August 2026 investment conferences. The company will attend the Canaccord Genuity 46th Annual Growth Conference in Boston, MA, from August 11-13, 2026, including a fireside chat on August 11 at 1:00pm and availability for one-on-one investor meetings arranged through Canaccord representatives.
Management will also join the Needham Virtual Industrial Tech, Robotics, & Power Conference, held virtually on August 17-18, 2026, where they will be available for one-on-one meetings scheduled via Needham representatives. Horizon Aircraft describes itself as an advanced aerospace engineering company developing a hybrid-electric VTOL aircraft and intends to scale production after successful testing and certification.
Horizon Aircraft (NASDAQ:HOVR) announced a Letter of Intent with V-Star Powered Lift Aviation, under which V-Star plans to purchase 5 Cavorite X7 hybrid-electric VTOL aircraft, with options for up to an additional 95 units, for a potential total of $600 million.
V-Star, an Australian operator focused on emergency, aeromedical, search and rescue, and regional transport missions, intends to secure delivery slots for the initial 5 aircraft with a firm deposit upon signing a definitive agreement. According to Horizon Aircraft, the Cavorite X7’s higher cruise speed versus helicopters is expected to support faster and more cost-efficient critical air services across Australia.
Horizon Aircraft (NASDAQ:HOVR) reported fiscal 2026 fourth quarter results and highlighted a strengthened balance sheet with $78.3 million in cash, which the company says provides more than 24 months of liquidity to complete its full-scale Cavorite X7 demonstrator and support certification and manufacturing efforts.
Horizon reported continued technical progress, with the first full-scale Cavorite X7 prototype on track to begin initial testing in the first quarter of calendar 2027. The company selected BETA Technologies' advanced fly-by-wire flight control computers for the Cavorite X7 and is advancing full-scale prototype development through manufacturing partnerships with RAMPF Composite Solutions for fuselage and empennage structures and North Aircraft Industries for its patented wing architecture.
Horizon expanded its leadership team by appointing Richard Alexander as Chief Engineer of Certified Programs and plans to grow headcount from 56 employees to over 100 by summer 2027. Management outlined upcoming milestones including subsystem integration, prototype build advancement, engineering organization expansion, and ongoing engagement with certification authorities and strategic suppliers.
BETA Technologies (NYSE:BETA) was selected by Horizon Aircraft to supply advanced flight control computers and customized software for the Cavorite X7 hybrid-electric VTOL aircraft. Horizon will integrate BETA’s fly-by-wire platform as it advances development, testing, and certification.
BETA’s in-house flight control computers are designed for powered-lift aircraft, support FAA Part 21.17(b), Part 23 and Part 25 certification pathways, and target Transport Canada and EASA frameworks. The DAL-A capable system offers safety-critical redundancy, lightweight hardware, and future integration of autonomous mission controls.
Horizon Aircraft (NASDAQ:HOVR) will release fiscal fourth quarter 2026 results on July 16, 2026, before market open. Management will host a webcasted earnings call at 8:30 a.m. ET to discuss results and provide a business update.
Investors can join via webcast or phone and may submit questions by July 10, 2026.
Horizon Aircraft (NASDAQ:HOVR) will participate in the Farnborough International Airshow 2026 from July 20-24, 2026. Senior leaders plan meetings with global aerospace and defence stakeholders to discuss the Cavorite X7, a dual-use hybrid eVTOL for time-critical commercial and defence missions.
The company will showcase the aircraft’s hybrid-electric architecture and patented fan-in-wing technology at Hall 4, Booth #4625 and join an eVTOL panel on July 23, 12:00–1:00 p.m. in Hall 3.
Horizon Aircraft (NASDAQ:HOVR) announced that partner Marshall Aerospace has completed a detailed flight dynamics and control model for the hybrid-electric VTOL Cavorite X7.
The 6-degrees-of-freedom model supports development of the X7’s safety-critical control system and its planned certification process.