Lilium Reaches Key Step Towards Zero Emission Flight with Propulsion Unit Testing
Portfolio Pulse from Benzinga Newsdesk
Lilium N.V. (NASDAQ:LILM) has successfully completed the first series of tests of its electric jet propulsion unit, achieving maximum thrust and demonstrating expected performance and reliability. This marks a significant step towards zero-emission flight and the safety verification of the Lilium Jet.
June 26, 2024 | 11:35 am
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Lilium N.V. has successfully completed the first series of tests of its electric jet propulsion unit, achieving maximum thrust and demonstrating expected performance and reliability. This milestone is crucial for the company's progress towards zero-emission flight and safety verification of the Lilium Jet.
The successful test of the electric jet propulsion unit is a significant milestone for Lilium, indicating progress towards zero-emission flight and enhancing investor confidence in the company's technology and future prospects. This positive development is likely to boost LILM's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100