Horizon Aircraft, a leading aerospace engineering company, achieved a major milestone with the successful forward transition flight of its large-scale prototype in May 2025. The company boasts a strong balance sheet with over 18 months of liquidity and has significantly reduced aircraft development costs. New talent additions and government funding commitments further bolster their progress.

CEO Brandon Robinson highlighted the pivotal year for Horizon Aircraft, emphasizing the successful achievement of forward transition flight as a key milestone. CFO Brian Merker stated that the company has approximately $17 million in cash, with enough capital to complete the full-scale demonstrator aircraft over the next 18 months. The company focuses on safety, performance, and utility in its unique designs.

Horizon Aircraft is developing a hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, the Cavorite X7, with industry-leading speed, range, and operational utility. The company plans to complete testing and certification of the eVTOL before scaling up production to meet demand from various sectors. Forward-looking statements from the company caution investors about potential risks and uncertainties in the aerospace industry.

Read more at GlobeNewswire: Horizon Aircraft Provides Business Update and Fourth