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 (NASDAQ: HOVR), a pioneer in hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft, has announced its participation in the Farnborough International Airshow 2024. The event, scheduled for July 22-26, 2024, in Farnborough, England, is a premier aerospace and defense industry gathering.
The airshow offers unparalleled opportunities to explore cutting-edge technology, forge partnerships, and collaborate on sustainable aerospace initiatives. Horizon's management team will be available for meetings throughout the event, providing a platform for potential investors and industry partners to engage with the company.
Held biennially, the Farnborough Airshow is a global hub for aerospace innovation, networking, and business development. Horizon's presence at this prestigious event underscores its commitment to advancing eVTOL technology and expanding its industry footprint.
Horizon Aircraft (NASDAQ: HOVR) has appointed Phil Kelly as Senior Vice President Business Development. Phil Kelly, a veteran Harrier Jump Jet pilot and former Head of Aircraft Development for the UK Royal Navy and Royal Marines, brings four decades of aerospace experience to Horizon. His expertise in VTOL aircraft will be instrumental as Horizon progresses with the development of its Cavorite X7, a hybrid electric eVTOL with a seven-seat capacity. The Cavorite X7 aims to revolutionize sectors such as regional mobility and medical services with its high speed (250 mph) and long range (500 miles). Horizon continues testing its 50%-scale model, reducing technical risks before full-scale production.
Horizon Aircraft, a leading developer of hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft, will participate in the 2nd Annual Jefferies eVTOL / AAM Summit.
The event will take place on May 30, 2024, at 9:10am Eastern Time. Horizon Aircraft's management team will engage in a virtual fireside chat and will be available for one-on-one meetings.
Investors can contact Jefferies representatives or Horizon Aircraft’s Investor Relations to schedule meetings. The fireside chat will be live-streamed, with a replay available on the company’s investor relations website.
Horizon Aircraft, a leading eVTOL aircraft developer, provided an update on the technical flight testing progress of its large-scale prototype eVTOL aircraft. The company continues to make significant strides in its transition flight testing program and has begun full-scale propulsion unit production. The patented yaw control system and HOVR Wing technology have been validated, enabling precise hover and performance in strong crosswinds. The company's Cavorite X7 eVTOL design is on track for completion and testing in 2026, promising to fly faster and carry more cargo than competitors.
Horizon Aircraft, a leading eVTOL aircraft developer, will participate in the EF Hutton Annual Global Conference on May 15, 2024. The management team will be available for meetings, showcasing the company's latest developments. Investors can schedule meetings through Investor Relations.
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