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Stock impact report

XTI Aerospace Provides Second Quarter 2024 Business Update [Yahoo! Finance]

XTI Aerospace, Inc. (XTIA) 
Company Research Source: Yahoo! Finance
update and the filing of its quarterly report on Form 10-Q for the quarter ended June 30, 2024 "We continue to advance the development of the TriFan 600, a fixed-wing, vertical lift crossover aircraft uniquely designed to meet the needs of the evolving aviation industry and its customers," said Scott Pomeroy , CEO of XTI Aerospace. "In the second quarter, XTI Aerospace and AVX Aircraft Company ("AVX"), a leader in advanced vertical lift solutions, announced the signing of a letter of intent, and are currently progressing towards a definitive agreement, whereby AVX's experienced engineers will provide design, development and certification services to XTI Aerospace, reducing overall commercialization costs and potentially accelerating the timeline to first flight." Don Purdy , SVP business & program development, added, "XTI Aircraft continues to progress the TriFan 600 design. Specifically, the team is focused on the C211.2 configuration update which will further optimize the aerody Show less Read more
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