HOVR Overview

Horizon Aircraft's Grant and Project CRYSTAL: Horizon Aircraft has received a $2 million grant from Canada's INSAT program to support Project CRYSTAL, aimed at developing an all-weather eVTOL capable of operating in icing conditions, in collaboration with the Flight Centre of Excellence and the University of Toronto.

Environmental Impact and Financial Status: The CEO of Horizon noted that replacing 4% of the global helicopter fleet with their Cavorite X7 could reduce carbon emissions by 2.6 billion pounds annually, while the company currently has $17 million in cash, providing an 18-month runway for development.

Technological Advancements: The project will focus on advanced ice detection and protection solutions, including innovative coatings developed by the University of Toronto, and has already seen successful flight tests with a large-scale prototype.

Partnerships and Future Plans: Horizon has partnered with Pratt & Whitney Canada to integrate the PT6A engine into the Cavorite X7, facilitating operations in remote areas without charging infrastructure, marking significant progress in sustainable aviation technology.

Aerospace & Defense Symposium: Gabelli Funds, LLC is hosting its annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, featuring top executives from over ten companies discussing industry trends such as demand outlook, defense spending, and M&A potential.

Event Agenda: The symposium will include presentations and one-on-one meetings with executives from various companies, including Astronics Corporation, Textron Inc., and Moog Inc., among others, with a full agenda starting at 7:45 AM.

Event Overview: Gabelli Funds, LLC is hosting its annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, featuring top executives from over ten companies discussing industry trends such as demand outlook, defense spending, and M&A potential.

Agenda Highlights: The symposium will include presentations and one-on-one meetings with executives from various companies, including Astronics Corporation, Textron Inc., and Moog Inc., among others, throughout the day.