New Horizon Aircraft Stock Price, News & Analysis

Horizon Aircraft (NASDAQ:HOVR) announced on November 26, 2025 that test pilot-astronaut Jameel Janjua joined its Board of Directors.

Janjua brings expertise in experimental test flight, military operations, aerospace engineering and business growth, with more than 5,500 flight hours in over 65 aircraft, service as a Royal Canadian Air Force fighter pilot and instructor at USAF Test Pilot School, and current work as a test pilot for Virgin Galactic.

The company said his experience will support Horizon as it builds a full-scale prototype of the Cavorite X7 and prepares for the aircraft certification process.

Horizon Aircraft (NASDAQ:HOVR) said its Cavorite X7 is being developed to operate under IFR (fly in clouds) and to certify for Flight Into Known Icing (FIKI), capabilities that the company says are rare among modern VTOLs and held mainly by heavyweight helicopters.

The company received a non-dilutive grant from Canada’s INSAT program to support all-weather vertical propulsion work, including ice-phobic and electrothermal coatings, and says it is building a full-scale aircraft while increasing its engineering team by 50% this year.

Horizon Aircraft (NASDAQ:HOVR) hosted Brigadier General Brendan Cook, RCAF Director General Space, Combat and Support, at its Lindsay, Ontario hangar on November 6, 2025 for a tour and briefing on the hybrid eVTOL Cavorite X7.

BGen Cook reviewed the X7's hybrid-electric architecture and cited potential defence and dual-use roles including contested logistics, MEDEVAC, remotely piloted and loyal wingman missions, and maritime surveillance. He also noted potential NATO collaboration opportunities. Horizon said the visit signals growing interest in Canadian aerospace innovation for defence applications.

Horizon Aircraft (NASDAQ:HOVR) announced management will attend multiple industry conferences in November and December 2025, offering investor and partner access for meetings and discussions.

Key events and dates: Helicopter Association Canada Annual Conference & Trade Show (Abbotsford, B.C., Nov 4-6, 2025) with 1x1 meeting availability; Corporate Jet Investor – Miami 2025 (Miami, Nov 4-6, 2025) with 1x1 meeting availability; MINERVA (Ottawa, Dec 2, 2025) with informal discussions; and OAC Aerospace Unplugged & AGM 2025 (Toronto, Dec 9, 2025), which Horizon sponsors and where management will participate in informal discussions.

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.