XTI Aerospace Signs LOI With AVX Aircraft For Further Design And Development Of The TriFan 600 Vertical Lift Crossover Airplane
Portfolio Pulse from Benzinga Newsdesk
XTI Aerospace (NASDAQ:XTIA) has signed a Letter of Intent with AVX Aircraft for the design, development, and certification of the TriFan 600 VTOL aircraft. The definitive agreement is expected to shorten the timeline and reduce costs.
June 04, 2024 | 1:10 pm
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XTI Aerospace has signed a Letter of Intent with AVX Aircraft to advance the design, development, and certification of the TriFan 600 VTOL aircraft. This partnership is expected to shorten the timeline and reduce costs.
The partnership with AVX Aircraft is likely to accelerate the development and reduce costs for XTI Aerospace's TriFan 600, which should be viewed positively by investors. The definitive agreement is expected soon, adding to the short-term positive outlook.
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