Horizon Aircraft taps F1 supplier Motion Applied for flying taxi motor system [BNN Bloomberg (Canada)]
Raytheon Technologies Corporation (RTX)
Company Research
Source: BNN Bloomberg
The partnership will focus on creating a custom motor drive inverter for Horizon's Cavorite X7 aircraft, which is expected to carry up to seven passengers and have a range of 800 km (497 miles). The inverter, an air-cooled silicon carbide unit weighing under 3 kg, will control the electric motors. Motion Applied, spun off from the McLaren Group in 2021 and rebranded from McLaren Applied in 2025, supplies engine control units to several motorsport series and makes electric-vehicle charging equipment. The deal highlights growing activity in the eVTOL sector, where companies are competing to secure regulatory approval and lock in suppliers for what they see as a future market for faster, lower-emission urban transport. The Cavorite X7 is expected to be ready for initial flight tests around mid-2027, with plans to have a certified aircraft in production by 2030. Unlike some U.S.-based air taxi firms, such as Joby JOBY.N and Archer ACHR.N, which focus on all-electric models, Horiz
Show less
Read more
Impact Snapshot
Event Time:
RTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTX alerts
High impacting Raytheon Technologies Corporation news events
Weekly update
A roundup of the hottest topics
RTX
News
- RTX's Raytheon announces strategic collaboration with AWS to improve services for space customersPR Newswire
- Jefferies Boosts RTX Corporation (RTX) Price Target Despite Lower EPS Forecast [Yahoo! Finance]Yahoo! Finance
- RTX's Pratt & Whitney awarded $1.6 billion F135 sustainment contract [Yahoo! Finance]Yahoo! Finance
- RTX secures $1.6 billion sustainment contract for F135 engines [Yahoo! Finance Canada]Yahoo! Finance Canada
- RTX's Pratt & Whitney awarded $1.6 billion F135 sustainment contractPR Newswire
RTX
Earnings
- 10/21/25 - Beat
RTX
Sec Filings
- 11/13/25 - Form 8-K
- 10/29/25 - Form 4
- 10/28/25 - Form 4
- RTX's page on the SEC website