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Horizon Aircraft Completes Preliminary Design Review of Cavorite X7 Hybrid eVTOL

  • New Horizon Aircraft Ltd. (NASDAQ: HOVR) announced the completion of all Preliminary Design Reviews (PDRs) for its full-scale Cavorite X7 hybrid-electric VTOL demonstrator.
  • The company is currently closing out remaining action items from the PDRs & plans to begin releasing designs for manufacturing before the end of 2026.
  • A specialized panel of aerospace experts concluded that the design approach is mature enough to proceed to detailed design once PDR action items are resolved.
  • The Cavorite X7 Critical Design Review (CDR) is scheduled to occur prior to the start of final assembly.
  • CTO Tom Brassington stated the rigorous PDR process was conducted with certification as a primary goal rather than just first flight, aiming to shorten the path to certification.
  • Horizon Aircraft intends to scale unit production for regional operators, emergency service providers, & military customers upon successful testing & certification.
Company
Horizon Aircraft
Keywords
Industrial & Manufacturing, Company Update