'Eve Names eVTOL Avionics, Flight Controls And Thermal Management System Suppliers'
Portfolio Pulse from Benzinga Newsdesk
Eve Air Mobility (NYSE:EVEX) has named three new suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Garmin (NYSE:GRMN) will supply the avionics, Liebherr-Aerospace will provide the flight controls actuators, and Intergalactic will manage the thermal system. These suppliers join Nidec Aerospace LLC, BAE Systems, and DUC Hélices Propellers, who were announced earlier. Eve's first eVTOL production facility will be located in Brazil, with the first full-scale prototype expected in 2024 and deliveries starting in 2026.
November 06, 2023 | 6:28 pm
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Eve Air Mobility has announced new suppliers for its eVTOL aircraft, indicating progress in its development. The company's first full-scale prototype is expected in 2024, with deliveries starting in 2026.
The announcement of new suppliers indicates progress in Eve's eVTOL development, which could positively impact investor sentiment. The company's timeline for prototype testing and deliveries also provides clarity on its operational roadmap.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Garmin has been selected as a supplier for Eve Air Mobility's eVTOL aircraft, providing the avionics for the vehicle.
Garmin's selection as a supplier for Eve's eVTOL aircraft could boost its revenues and reputation in the aviation industry. This partnership could also lead to further opportunities in the growing eVTOL market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70