Markets
Vertical Aerospace releases new VX4 prototype, begins initial testing
Initial powered ground tests are underway for the U.K.-built composite eVTOL vehicle, ahead of a more robust flight program with CAA Permit to Fly approval.
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CAEATFA grants Archer approval for electric powertrain facility ramp-up
The $117 million award, believed to be CAEATFA’s largest to date in AAM, will support Archer’s planned expansion of battery pack and aircraft production facilities intended to support eVTOL commercialization.
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Cygnet Texkimp supplies filament winding cell to TWI Materials Integrity Centre
Versatile composites equipment will support the global R&T organization’s research and manufacturing of novel materials and parts for pressure vessels and pipes.
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Dawn Aerospace UAV spaceplane certified for flight, develops smart COPVs
Targeting multiple flights/day, nitrous-based propulsion company also works with Com&Sens and ESA to develop composite-overwrapped pressure vessels with embedded sensors toward qualified 30-liter tanks by 2025.
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Beta completes Alia CTOL deployments with two U.S. DOD major commands
On-base and cross-country missions were conducted with the Air Combat Command and Air Mobility Command via multi-day and day-long exercises to evaluate Beta’s composite aircraft with real-world scenarios.
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Joby demonstrator makes 523-mile hydrogen-electric flight
Hydrogen-electric program builds on technology developed by H2FLY subsidiary, demonstrates potential for emissions-free regional travel using Joby’s all-composite eVTOL aircraft.
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Hexagon Mobile Pipeline order supports enhanced industrial gas transportation
Modules feature all-composite Titan cylinders and high-strength steel frame, transporting almost double that of steel tube trailers.
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Stellantis invests additional $55 million in Archer
Following Midnight’s recent flight test milestone, the automaker’s strategic funding agreement buildings on $39 million worth of Archer stock and $110 million investment in 2023.
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COPVs designed, qualified for demanding aerospace, automotive applications
CAMX 2024: Hexagon Purus showcases its portfolio of Type 3 and 4 COPVs which can be configured to meet a variety of needs.
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Eve receives $94 million additional equity to support eVTOL development
New capital financing includes equity injection participation from large strategic industrial companies and diversified investors.
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