Horizon Aircraft Provides Technical Progress Update
New Horizon Aircraft Ltd. - Class A Ordinary Shares (HOVR)
Company Research
Source: GlobeNewswire
TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (Nasdaq: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and developer of one of the world’s first hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, provides a comprehensive technical progress update. Throughout the first half of 2025, the technical team has hit several important milestones that validate Horizon’s unique and practical hybrid VTOL concept: Transition Flight - Horizon completed one of the world’s first ever successful fan-in-wing forward transition flights in May 2025 with its large-scale prototype aircraft;Full-Scale Prototype - Horizon is now building a full-scale aircraft and intends to have an aircraft ready for initial testing in 18 months;Platform Level Architecture - Horizon completed architecture development for the full-scale, non-conforming prototype;Propulsion Technology - Main wing propulsion units that powe
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- New Horizon Aircraft (NASDAQ:HOVR) had its "buy" rating reaffirmed by analysts at D. Boral Capital. They now have a $11.00 price target on the stock.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) had its "buy" rating reaffirmed by analysts at D. Boral Capital. They now have a $11.00 price target on the stock.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) was upgraded by analysts at D Boral Capital to a "strong-buy" rating.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) had its "buy" rating reaffirmed by analysts at D. Boral Capital. They now have a $11.00 price target on the stock.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat