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Business Wire
6 days ago
- Business
- Business Wire
Cirrus Unveils Cirrus Airframe Parachute Lined-Bag Collection
DULUTH, Minn & KNOXVILLE, Tenn. & OSHKOSH, Wis.--(BUSINESS WIRE)--Cirrus, Cirrus Aircraft Limited (2507:HK), is introducing a collection of handcrafted, aviation-inspired travel bags utilizing upcycled parachute material repurposed from the Cirrus Airframe Parachute System® (CAPS®). The bags are handmade by Duluth Pack, the oldest canvas and leather bag maker in the United States, and are available for the first time at EAA AirVenture Oshkosh 2025. Fusing sustainability with durability and timeless design, each bag is constructed using upcycled Cirrus parachute fabric and rugged canvas. Cirrus and Duluth Pack bags are both made in the United States with headquarters in Duluth, Minn. Cirrus is known for revolutionizing the personal aviation industry with innovations such as the CAPS, an FAA-certified whole airframe parachute system designed to safely lower the aircraft and its occupants to the ground in an emergency. The Cirrus Parachute-Lined Collection includes: Cirrus Duffel with Parachute Lining: Industrial-grade construction, dual side-zip pockets and ample capacity for weekend gear. Logbook Briefcase with Parachute Lining: Sleek and durable, ideal for carrying flight logs, documents or a tablet. Pilot Overnighter Bag with Parachute Lining: Compact and designed for versatility with space for toiletries, shoes, a headset and a laptop. Each item is hand-built in Duluth, with the inner lining cut individually by hand from Cirrus parachute canopies and then layered with canvas over the upcycled parachute lining. The layers are stitched together to form a single, durable bag. Cirrus parachutes used in the lining are composed of Kevlar, Nylon and Vectran cordage. The parachute itself spans 2,349 square feet, with a diameter of 54.7 feet and contains cords stretching over a mile long. To purchase a Cirrus Parachute-Lined bag, visit booth #183-188 on Celebration Way during EAA AirVenture or the Cirrus Store. About Cirrus Cirrus is the recognized global leader in personal aviation and the maker of the best-selling SR Series piston aircraft and the Vision Jet®, the world's first single-engine Personal Jet™, and the recipient of the Robert J. Collier Trophy. Founded in 1984, the company has redefined aviation performance, comfort and safety with innovations like the Cirrus Airframe Parachute System® (CAPS®) – the first FAA-certified whole-airframe parachute safety system included as standard equipment on an aircraft. To date, worldwide flight time on Cirrus aircraft is 18 million hours, and 270 people have returned home safely to their families as a result of the inclusion of CAPS as a standard feature on all Cirrus aircraft. The company has seven locations in the United States, including Duluth, Minnesota; Grand Forks, North Dakota; Greater Dallas, Texas; Greater Phoenix, Arizona; and Greater Orlando, Florida; Knoxville, Tennessee and Benton Harbor, Michigan. Learn more at
Miami Herald
03-07-2025
- Automotive
- Miami Herald
Flying car stock gets bold Wall Street call, rewrites urban mobility
Flying car stocks aren't just sci-fi movie magic anymore. These stocks have suddenly turned into Wall Street's new obsession. Recent trading activity has shown that investors can't get enough of electric vertical takeoff-and-landing (EVTOL) startups pitching city-sky shortcuts and massive billion-dollar markets. Don't miss the move: Subscribe to TheStreet's free daily newsletter As you'd imagine, multiple players are fighting for the top spot, but fresh chatter suggests that one might've cracked a key performance boost that potentially flips the script. A scorching desert test run just turned heads and ignited fresh buzz in the hotly competitive flying car space. Image source: Bloomberg/Getty Images Flying car stocks have caught fire over the past year, and for good reason. Reports suggest that the flying-car market is set to explode, surging from just $243 million in 2025 to over $4.2 billion by 2035 (an eye-popping 34% annual growth). Urban air mobility alone could soar from $1.9 billion in 2024 to $12 billion in 2035, powered by friendlier regulations and rapid tech advances. Joby Aviation (JOBY) arguably remains the sector's poster child. Related: Veteran analyst drops shocking Tesla target In the first quarter, it reported a narrower loss of around $82 million, down from $95 million a year ago. Additionally, Joby has locked in exclusive UAE launch rights and is looking to finalize Dubai vertiport sites with local transit authorities. China's EHang (EH) is another promising contender. Its Urban Air Mobility Exhibition Center in Shenzhen is live, targeting RMB 900 million in revenue this year, a massive 100% jump year-over-year. Archer Aviation (ACHR) is another big name that's turning heads in the crowded flying car race. What makes it an anomaly isn't just the sleek, 12-prop Midnight eVTOL or its swappable battery packs; it's the entire game plan. More Tech Stock News: Veteran Tesla bull drops surprising 3-word verdict on robotaxi rideApple could make big change to Siri, delight fansVeteran analyst issues big Broadcom call, shakes up AI stock race Moreover, it's already lined up heavyweight partners, including United Airlines and Stellantis, backing production with up to $370 million. It's also looking to build a massive $400 million Georgia plant and train pilots at its FAA-certified academy. Additionally, with a nifty $850 million fresh in the bank, Archer's ready to crank up capacity and take things up a notch or two. Wall Street research firm H.C. Wainwright slapped an $18 price tag on Archer Aviation, a staggering 80% upside after its Midnight eVTOL breezed through a testing desert trial in Abu Dhabi. Against scorching heat, fierce humidity, and swirling dust at Al Bateen Executive Airport, Archer's team proved its aircraft is more than just a lab demo. The flight was tracked closely by UAE aviation regulators, Abu Dhabi Investment Office officials, investors, and regional partners, signaling confidence in Archer's design and operational readiness. This test also provides crucial data needed for certification under harsh conditions, putting Archer on the fast track for regulatory approval. Related: Cathie Wood makes surprising chip bet as AI battle heats up On top of that, the demo feeds into Archer's Launch Edition program, potentially introducing a fleet of air taxis in Abu Dhabi later this year. Expanded regional trials will collect key performance data ahead of broader deployments. Wainwright isn't just cheering one flight. The firm estimates roughly $1 billion in sales for Archer by 2028, led by both aircraft sales and direct air-taxi services. Additionally, it expects the flying car upstart to churn out more than 400 Midnights annually by 2031. Archer's recent $350 million share offering also padded its cash till, leaving it debt-free and primed to take things to the next level. With the UAE's urban air mobility market pegged at $23.8 billion and over 20% growth expected over the next decade, Archer is looking to cash in big time. Archer Aviation stock is up 212% over the past nine months and skyrocketed 168% last year. A fresh 38% pop in just three months shows buyers still invest in this multi-billion-dollar growth story. Related: Analyst reboots IonQ stock price target for surprising reason The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Associated Press
03-06-2025
- Business
- Associated Press
Chromalloy Announces Appointment of Paul Browning to Board of Directors
PALM BEACH GARDENS, FLORIDA / ACCESS Newswire / June 3, 2025 / Chromalloy is a global leader for turbine engine aftermarket solutions, that include providing engineering, part manufacturing, component repairs, and full powerplant restoration to serve the aviation, defense, and energy markets. Chromalloy has announced the appointment of Paul Browning to its Board of Directors. Paul has spent 35 years as an executive leader and entrepreneur, with a focus on driving innovation and growth for multi-national businesses in the power generation market. 'We are pleased to welcome Paul Browning to the Chromalloy Board,' said Chris Celtruda, Chief Executive Officer for Chromalloy. 'Paul has deep knowledge and long-term relationships in the global power generation market and a mindset for driving strategic growth. His leadership and experience will be instrumental as we continue to expand the Chromalloy solution set for the rapidly growing distributed power market.' On joining the Chromalloy board, Browning commented, 'I worked with Chromalloy extensively during my career and have always respected their legacy of disruptive technology development for turbine engine overhaul. I'm proud to join the Board at this pivotal time in the company's history and am committed to helping position Chromalloy as both a high-value alternative and a trusted partner within OEM-aligned solutions for land-based turbines.' Paul has served in senior leadership and CEO roles at numerous multinational corporations, including Caterpillar Solar Turbines, GE Power, Irving Oil, and Mitsubishi Power. More recently he has been engaged in advisory roles for traditional power and transitional energy businesses. Mr. Browning is a lifelong learner, with a strong commitment to technological development, innovation, and maintaining industry relationships that are critical to establishing a growth roadmap. He holds a B.S. in Metallurgical Engineering and Materials Science from Carnegie Mellon University and an M.S. in Materials Engineering from Rensselaer Polytechnic Institute. In May of 2025, Paul completed a 27-year journey, interrupted by a growing family and an executive career, that culminated in the completion of a Ph.D. in Materials Engineering from Rensselaer Polytechnic Institute. About Chromalloy Chromalloy is a leading provider of engineering, manufacturing, and service for the aerospace, military, aero-derivative, and energy/industrial gas turbine aftermarket. For over 70 years, Chromalloy has been a trusted partner of airlines, aero-engine asset owners, and engine repair facilities. Chromalloy is a leader in FAA-certified, third-party PMA and DER solutions to enable customer value during engine restoration and maintenance. The combination of alternative PMA new parts, DER part repairs, and inventory of used serviceable material (USM) enables each engine overhaul to achieve expected performance and achieve best value. Operating from over 20 locations worldwide, Chromalloy remains committed to having the right global team, available inventory, and a bias for addressing service needs for legacy and midlife engines. Our investments in design engineering, testing, and component manufacturing ensure that all regulatory and performance criteria are met or exceeded. As of May 2025, Chromalloy has developed and received FAA approval on over 50 gas path PMA parts, which have safely flown in excess of 6 BILLION flight hours with ZERO airworthiness directives. Chromalloy's PMA parts are certified by the FAA to be equivalent to the original equipment manufacturer (OEM) part and meet all requirements. For additional information, please visit Contact Information Chromalloy Marketing [email protected] 561.935.3571 SOURCE: Chromalloy press release
Yahoo
01-05-2025
- Business
- Yahoo
Archer vs. Joby: Which eVTOL Stock is Ready for Takeoff in 2025?
As urban congestion worsens each day and the push for sustainable transport intensifies, the concept of flying taxis is moving from sci-fi fantasy to near-term reality. With electric vertical takeoff and landing (eVTOL) aircraft at the forefront of this shift, companies like Archer Aviation ACHR and Joby Aviation JOBY stand to gain from the commercialization of urban air mobility. Archer is gaining momentum with its sleek Midnight eVTOL aircraft and collaborations with United Airlines and the U.S. Air Force, focusing on high-volume manufacturing and scalable networks. Joby, meanwhile, is banking on its head start in flight testing and vertically integrated approach, including its FAA-certified production facility. As the industry edges closer to liftoff, investors might be asking: Which eVTOL pioneer is better positioned to soar in 2025 and beyond? Let's delve deeper. ACHR ended 2024 with more than $1 billion in liquidity. Long-term debt totaled $75 million while current debt was nil. This should provide the company with the necessary resources to execute its civil and defense business strategies and invest in new innovative technologies. Archer Aviation's growth is underpinned by strong government and commercial collaborations. The company ended 2024 with an exclusive partnership with Anduril Industries to jointly develop a hybrid VTOL aircraft for critical defense applications and a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi. This year, ACHR signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer's Midnight jet under the 'Launch Edition' program. Looking ahead, the company aims to launch its Midnight eVTOL aircraft commercially by late 2025, targeting urban air mobility demand. Its partnership with United Airlines for planned air taxi services in major U.S. cities should further strengthen its capability in the eVTOL market. The completion of ACHR's 400,000-square-foot aircraft manufacturing facility in late 2024 should also help it meet the rising demand for eVTOL jets in the coming years. Joby Aviation also maintains a strong cash position, with almost $1 billion on hand as of Dec. 31, 2024. As of the same date, both its long and short-term debts were nil. This should provide JOBY with the financial flexibility it needs for designing and manufacturing aircraft, as well as developing production lines for jet components. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. In March 2025, JOBY announced a partnership with Virgin Atlantic for the launch of its revolutionary air taxi service in the UK. Moreover, it became the first eVTOL company to receive a Part 135 Air Carrier Certificate from the FAA, allowing it to start operations with conventional aircraft while preparing its eVTOL. Looking ahead, JOBY aims to deliver its eVTOL aircraft to Dubai by mid-2025 and start commercial passenger operations by late 2025 or early 2026. Moreover, JOBY's high-rate production facility is planned for Dayton, OH, where the company purchased a 40,300-square-foot facility in 2024 and identified a separate 140-acre site, which comes with enough land to build over 2 million square feet of manufacturing space. This should help JOBY deliver more aircraft in the coming years. Both Archer Aviation and Joby are navigating a capital-intensive runway. However, whether the business model for both these stocks will be sustainable in the long run remains uncertain. This is because of the nascent stage of the eVTOL aircraft market itself. So, ACHR and JOBY's success depends not only on their ability to design, develop and certify eVTOL aircraft but also on how the demand for these vehicles evolves. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY and ACHR's growth potential may be constrained. Moreover, since both these stocks are in their pre-revenue stage (although JOBY has generated an insignificant amount of revenues in recent times), investors might remain concerned about their long-term growth viability. The Zacks Consensus Estimate for Archer Aviation's 2025 and 2026 loss per share implies a year-over-year improvement. However, the stock's bottom-line estimates been trending downward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Joby Aviation's 2025 and 2026 loss per share suggests year-over-year growth. The stock's near-term bottom-line estimates, however, have been trending southward over the past 60 days. Image Source: Zacks Investment Research ACHR (down 7.9%) has outperformed JOBY (down 21.6%) over the past three months and has done the same in the past year. Shares of ACHR and JOBY have surged 119.8% and 27.7%, respectively. Image Source: Zacks Investment Research The image below, reflecting a negative Return on Equity (ROE) for ACHR and JOBY, suggests that neither of these eVTOL stocks is efficiently generating profits from its equity base. Image Source: Zacks Investment Research While both Archer and Joby are well-positioned to capitalize on the emerging eVTOL market, both companies remain speculative, with their pre-revenue-stage ventures exposed to significant execution, regulatory and adoption risks. That said, investors looking to enter the urban air mobility space should take a cautious approach while considering stocks like ACHR and JOBY and be prepared for high volatility and uncertain timelines. Considering the aforementioned comparative analysis of both these stocks, Archer Aviation may offer relatively better near-term upside, considering its outperformance over JOBY at the bourses. However, neither of them is without substantial risk. ACHR carries a Zacks Rank #3 (Hold) while JOBY holds a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
01-05-2025
- Business
- Yahoo
Archer vs. Joby: Which eVTOL Stock is Ready for Takeoff in 2025?
As urban congestion worsens each day and the push for sustainable transport intensifies, the concept of flying taxis is moving from sci-fi fantasy to near-term reality. With electric vertical takeoff and landing (eVTOL) aircraft at the forefront of this shift, companies like Archer Aviation ACHR and Joby Aviation JOBY stand to gain from the commercialization of urban air mobility. Archer is gaining momentum with its sleek Midnight eVTOL aircraft and collaborations with United Airlines and the U.S. Air Force, focusing on high-volume manufacturing and scalable networks. Joby, meanwhile, is banking on its head start in flight testing and vertically integrated approach, including its FAA-certified production facility. As the industry edges closer to liftoff, investors might be asking: Which eVTOL pioneer is better positioned to soar in 2025 and beyond? Let's delve deeper. ACHR ended 2024 with more than $1 billion in liquidity. Long-term debt totaled $75 million while current debt was nil. This should provide the company with the necessary resources to execute its civil and defense business strategies and invest in new innovative technologies. Archer Aviation's growth is underpinned by strong government and commercial collaborations. The company ended 2024 with an exclusive partnership with Anduril Industries to jointly develop a hybrid VTOL aircraft for critical defense applications and a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi. This year, ACHR signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer's Midnight jet under the 'Launch Edition' program. Looking ahead, the company aims to launch its Midnight eVTOL aircraft commercially by late 2025, targeting urban air mobility demand. Its partnership with United Airlines for planned air taxi services in major U.S. cities should further strengthen its capability in the eVTOL market. The completion of ACHR's 400,000-square-foot aircraft manufacturing facility in late 2024 should also help it meet the rising demand for eVTOL jets in the coming years. Joby Aviation also maintains a strong cash position, with almost $1 billion on hand as of Dec. 31, 2024. As of the same date, both its long and short-term debts were nil. This should provide JOBY with the financial flexibility it needs for designing and manufacturing aircraft, as well as developing production lines for jet components. Joby Aviation's growth prospects are bolstered by its strategic partnerships and advanced certification timeline. In March 2025, JOBY announced a partnership with Virgin Atlantic for the launch of its revolutionary air taxi service in the UK. Moreover, it became the first eVTOL company to receive a Part 135 Air Carrier Certificate from the FAA, allowing it to start operations with conventional aircraft while preparing its eVTOL. Looking ahead, JOBY aims to deliver its eVTOL aircraft to Dubai by mid-2025 and start commercial passenger operations by late 2025 or early 2026. Moreover, JOBY's high-rate production facility is planned for Dayton, OH, where the company purchased a 40,300-square-foot facility in 2024 and identified a separate 140-acre site, which comes with enough land to build over 2 million square feet of manufacturing space. This should help JOBY deliver more aircraft in the coming years. Both Archer Aviation and Joby are navigating a capital-intensive runway. However, whether the business model for both these stocks will be sustainable in the long run remains uncertain. This is because of the nascent stage of the eVTOL aircraft market itself. So, ACHR and JOBY's success depends not only on their ability to design, develop and certify eVTOL aircraft but also on how the demand for these vehicles evolves. Public acceptance of eVTOLs as an alternative to traditional transport methods could face hurdles related to safety, noise and affordability concerns. Without widespread recognition, JOBY and ACHR's growth potential may be constrained. Moreover, since both these stocks are in their pre-revenue stage (although JOBY has generated an insignificant amount of revenues in recent times), investors might remain concerned about their long-term growth viability. The Zacks Consensus Estimate for Archer Aviation's 2025 and 2026 loss per share implies a year-over-year improvement. However, the stock's bottom-line estimates been trending downward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Joby Aviation's 2025 and 2026 loss per share suggests year-over-year growth. The stock's near-term bottom-line estimates, however, have been trending southward over the past 60 days. Image Source: Zacks Investment Research ACHR (down 7.9%) has outperformed JOBY (down 21.6%) over the past three months and has done the same in the past year. Shares of ACHR and JOBY have surged 119.8% and 27.7%, respectively. Image Source: Zacks Investment Research The image below, reflecting a negative Return on Equity (ROE) for ACHR and JOBY, suggests that neither of these eVTOL stocks is efficiently generating profits from its equity base. Image Source: Zacks Investment Research While both Archer and Joby are well-positioned to capitalize on the emerging eVTOL market, both companies remain speculative, with their pre-revenue-stage ventures exposed to significant execution, regulatory and adoption risks. That said, investors looking to enter the urban air mobility space should take a cautious approach while considering stocks like ACHR and JOBY and be prepared for high volatility and uncertain timelines. Considering the aforementioned comparative analysis of both these stocks, Archer Aviation may offer relatively better near-term upside, considering its outperformance over JOBY at the bourses. However, neither of them is without substantial risk. ACHR carries a Zacks Rank #3 (Hold) while JOBY holds a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report Archer Aviation Inc. (ACHR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
