on Horizon Aircraft (NASDAQ:HOVR)
Horizon Aircraft Completes Preliminary Design Review of Cavorite X7
Horizon Aircraft, a Canadian aerospace company listed on NASDAQ as HOVR, has completed the Preliminary Design Review (PDR) of its hybrid-electric VTOL, the Cavorite X7. This significant milestone was achieved after thorough evaluation by a panel of aerospace experts. The company is moving forward with closing out remaining action items before entering the detailed design phase.
The PDR process, more intricate than usual preliminary reviews, focuses on future certification rather than just the first flight. This approach is part of the company's broader strategy to expedite certification, reinforcing the foundation for their Critical Design Review.
Tom Brassington, CTO of Horizon Aircraft, emphasized the importance of this detailed engineering work for a streamlined certification path, expressing pride in the team's achievements. The Cavorite X7 promises industry-leading speed, range, and operational utility.
R. P.
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