HOVR News & Events

New Horizon Aircraft (HOVR) announces that Richard Alexander has been appointed Chief Engineer of Certified Programs of Horizon Aircraft as the Company advances its certification strategy, engineering maturation, and commercialization planning for its hybrid-electric Vertical Takeoff and Landing aircraft, the Cavorite X7. Richard will combine his experience with that of the Company's Co-Founder, Brian Robinson, to help deliver an operationally ready and certifiable aircraft. He most recently served as CAE's (CAE) Electric Aircraft Integrator leading the battery-electric conversion of the Piper Archer training aircraft.

New Horizon Aircraft announces that through its close, ongoing partnership with Flight Centre of Excellence the Company has advanced the dual-use certification pathway for its hybrid-electric VTOL aircraft. Horizon Aircraft has been targeting dual-use certification from the beginning, "recognizing that a high-speed, quieter VTOL aircraft would significantly improve both civil and defense missions," the company said.

The company said, "Continued strong liquidity with $20M in cash, including what the Company expects is sufficient working capital to support planned aircraft development milestones through fiscal 2027; Advancing the full-scale hybrid-electric Cavorite X7 aircraft from concept to reality; the Company expects to complete assembly later in 2026 with flight testing to commence in early 2027." Brandon Robinson, CEO, commented, "This quarter marked a major inflection point as the Cavorite X7 aircraft transitioned from the design phase into manufacturing. With strong strategic partnerships and collaborations, growing technical capabilities, and solid liquidity, we are confidently tracking to complete our full-scale prototype by the end of 2026."