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 (HOVR) is an aerospace innovator developing hybrid electric vertical take-off and landing (eVTOL) aircraft for regional transportation needs. This page provides investors and industry professionals with timely updates on company milestones, regulatory progress, and technological advancements.
Access official press releases covering earnings reports, strategic partnerships, and certification updates. Our curated news collection focuses on factual developments in aircraft engineering, safety validations, and operational deployments without speculative commentary.
Key updates include progress in hybrid propulsion systems, regional air mobility collaborations, and mission-specific design enhancements. Bookmark this page for consolidated access to HOVR's verified announcements, financial disclosures, and industry participation updates.
Horizon Aircraft (NASDAQ:HOVR) was awarded a non-dilutive $2.0 million INSAT grant to support Project CRYSTAL, an estimated $10.5 million program to develop an all-weather eVTOL vertical propulsion and ice-protection system in partnership with Certification Center Canada (3C) and the University of Toronto.
Phase one will characterize ice-detection and protective coatings from UofT; phase two will test viability on Horizon's hybrid eVTOL, the Cavorite X7. Horizon plans to pursue Flight Into Known Icing (FIKI) certification for the X7. Management cites projected benefits including up to 75% lower cost per kilometer versus helicopters and an asserted annual CO2e reduction of 2.6 billion pounds if X7s replace 4% of the global helicopter fleet.
Horizon Aircraft (NASDAQ:HOVR) announced on October 14, 2025 a signed purchase agreement to equip its full-scale hybrid eVTOL, the Cavorite X7, with Pratt & Whitney Canada's PT6A turboprop engine.
The company says the PT6A's proven modular design will simplify installation and maintenance, enable higher speed and range versus purely electric eVTOLs, and reduce hydrocarbon emissions by up to 30% versus comparable conventional aircraft. The deal is presented as strengthening Horizon's development program and Canada’s advanced air mobility presence.
Horizon Aircraft (NASDAQ:HOVR) reported first quarter fiscal 2026 results for the three months ended August 31, 2025, and provided a business update on its hybrid eVTOL program.
Key points: Horizon completed a fan-in-wing forward transition flight in May 2025 and is building a full-scale Cavorite X7 prototype targeted to be ready for initial testing in 18 months. In Q1 2026 the company completed platform-level architecture and fabricated main wing propulsion units that are under active testing. Management says Horizon has >18 months of working capital, streamlined operations, prioritized engineering spending, ongoing non-dilutive government funding, and added technical talent. Company focus for Q2 FY2026 is full-scale power and aerodynamic development, technical partnerships, and supply chain expansion.
Horizon Aircraft (NASDAQ:HOVR) announced management will attend multiple industry conferences in October 2025 to meet investors and showcase its hybrid eVTOL efforts. Key events and dates:
- NBAA-BACE in Las Vegas, Oct 14-16, 2025
- Growth Frontiers Americas in New York, Oct 15-16, 2025
- Planet MicroCap Showcase in Toronto, Oct 22-23, 2025 — live presentation Oct 22 at 11:00 AM ET
- DAIR To Innovate in Toronto, Oct 23, 2025 — Platinum sponsor and large-scale prototype on display
- Air Medical Transport Conference in Omaha, Oct 27-29, 2025
- Canadian Aerospace Summit in Ottawa, Oct 28-29, 2025
Horizon Aircraft (NASDAQ:HOVR), a developer of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, has announced significant technical progress in their development program. The company achieved a major milestone in May 2025 with one of the world's first successful fan-in-wing forward transition flights using their large-scale prototype.
Key developments include the commencement of a full-scale aircraft construction with initial testing planned in 18 months, completion of platform level architecture, and active testing of main wing propulsion units featuring patented HOVR Wing technology. The company has also expanded its senior technical team by 50% in 2025 and is working towards certification for Instrument Flight Rules (IFR) and Flight Into Known Icing (FIKI) with Transport Canada Civil Aviation.
New Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, has announced its participation in four major industry conferences during September 2025.
The company will attend the Gabelli Aerospace & Defense Symposium (Sept. 4), Deutsche Bank Aviation Forum (Sept. 4), H.C. Wainwright Global Investment Conference (Sept. 8-10), and Rare Earth Mines, Magnets and Motors 2025 (Sept. 23-24). Management will engage in investor meetings, with a fireside chat at Gabelli and a panel discussion with prototype display at the Rare Earth event.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, has released its Q4 and full-year 2025 business update. The company achieved a significant milestone by completing one of the world's first successful fan-in-wing forward transition flights with their large-scale prototype in May 2025.
The company reported a strong financial position with $17 million in cash, providing 18+ months of liquidity. Horizon has strengthened its engineering team with four key hires and secured significant non-dilutive government funding grants. The company's Cavorite X7 aircraft is positioned to lead in key performance metrics including speed, range, and payload capacity.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, has secured a $450,000 NSERC Applied Research and Development grant. This funding, combined with previous grants, brings the total NSERC Federal funding to over $3.4 million.
The company is collaborating with Fleming College and Ontario Tech University on hybrid-electric eVTOL development through a multi-year NSERC-funded partnership. Horizon Aircraft recently achieved a significant milestone with the world's first successful fan-in-wing transition flight using their HOVR wing technology and is currently constructing a piloted, full-scale hybrid electric VTOL prototype aircraft.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced plans to collaborate with ZeroAvia, a leader in hydrogen-electric powertrains, to explore zero-emission regional air travel solutions. The partnership will focus on evaluating ZeroAvia's ZA600 hydrogen-electric powertrain for potential integration into Horizon's Cavorite X7 fan-in-wing eVTOL aircraft.
The collaboration aims to accelerate research into necessary infrastructure and certification guidelines for zero-emission aviation. This strategic partnership represents Horizon Aircraft's first step towards developing zero-emission regional air travel capabilities, with a focus on practical implementation and operational efficiency.
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced that it has regained compliance with Nasdaq Capital Market's minimum bid price requirement under Listing Rule 5550(a)(2). The company, which specializes in advanced aerospace engineering and is developing one of the world's first hybrid electric Vertical Take-Off and Landing aircraft, has successfully resolved its listing compliance issues with Nasdaq.
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