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2.58839364290286E-05 -0.00113889320287829 -0.000250556504633303 -0.00124242894859455 -0.0037790547186417 -0.000828285965729798 0.000207071491432376 -0.00165657193145945
Stock impact report

Electra Raises $115 Million to Pioneer the World's First Ultra Short Aircraft [Yahoo! Finance]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Company Research Source: Yahoo! Finance
MANASSAS, Va. April 21, 2025 /PRNewswire/ -- Electra.aero, Inc. (Electra) today announced it has secured $115 million in Series B funding to enter the pre-production and certification phase of the EL9, the first-ever Ultra Short aircraft, which can take off and land in 150 feet – roughly 10% of the footprint required for similarly-sized legacy airplanes. The round was led by Prysm Capital, and Jay Park , Co-Founder and Managing Partner at Prysm, has joined Electra's Board of Directors. "We are delighted to welcome Jay and Prysm to the Electra family," said Electra Board Chair John Langford . "They've already become an indispensable partner and advisor as we transition from prototype to product with the EL9." By integrating blown lift technology with hybrid-electric propulsion, Electra's 9-passenger EL9 Ultra Short offers a range of transformative dual-use capabilities. It operates with the landing and takeoff versatility of a helicopter, the quiet of an electric vehicle, and th Show less Read more
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