Lilium Starts Production Of The Lilium Jet In Watershed Moment For Sustainable Aviation
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V. (NASDAQ:LILM) has announced the start of production of the Lilium Jet, an all-electric vertical take-off and landing (eVTOL) aircraft, marking a transition from design to industrialization. The first fuselage has arrived at Lilium's final assembly line in Wessling, Germany. The company's facilities, covering 175,000 square feet, include a testing & manufacturing center, propulsion & aerostructures facility, final assembly building, and a battery assembly building. Lilium's CEO and COO highlighted the milestone and the collaboration with tier one aerospace suppliers Aciturri and Aernnova, emphasizing the move towards sustainable regional aviation and the goal of achieving Type Certification with EASA.
December 06, 2023 | 1:44 pm
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Lilium N.V. has commenced the production of the Lilium Jet, transitioning from design to industrialization, with the first fuselage arriving for assembly. This marks a significant step towards sustainable aviation and the company's progress towards EASA Type Certification.
The start of production is a critical milestone for Lilium N.V. and is likely to be viewed positively by investors as it demonstrates progress in the company's roadmap towards commercialization. The involvement of experienced aerospace suppliers may also instill confidence in the company's ability to meet certification requirements and future production scalability. However, the actual impact on the stock price will depend on market perception of the company's ability to deliver on its promises and the broader market conditions.
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