Intuitive Machines Selected for Multi-Satellite Communications Infrastructure Program
investors.intuitivemachines.comu/GNeville98 — 3 days ago
▲ 44 r/HOVRSTONK
Canada's Defence Funding for Domestic SMBs - the Investment Pot has Grown Substantially
u/KingDeeze helpfully informed me of a notable development, and so I thought I would make it a dedicated post for anyone else in the sub who is unaware of it, like I was.
For those unaware Canada's Defence Industrial Strategy is the key pillar of the Canadian Government's plan to increase national defence spending to the shared NATO target of 5% of GDP by 2035.
As a key part of this strategy, Canada is aiming to pivot away from the military spending "75 cents of every dollar on the United States," and instead move towards focusing investing in the country's domestic defence industry.
For Small and Medium-sized Businesses (SMBs) like Horizon Aircraft in Canada, the Defence Industrial Strategy that was unveiled earlier this year lays out two major pools of pledged investment which were as follows:
>"To support a robust Canadian SMB defence sector, the Government will:
>Implement the $357.7 million Regional Defence Investment Initiative (RDII) in early 2026 to support the growth and integration of SMBs into domestic and international defence supply chains;
>Implement in early 2026, the $4-billion investment through BDC’s Defence Platform to provide loans, venture capital, and advisory services to help SMBs contribute to Canada’s defence and security capabilities."
Updates to the BDC Defence Platform:
Since this initial commitment was made, there has been a significant update to the BDC Defence Platform. On the 12th March, the Business Development Bank of Canada (BDC) announced an expansion of the Platform to a maximum of $6 billion - a substantial 50% increase in size, which therefore improves the likelihood of Horizon Aircraft receiving an award or grant from the initiative. It could also have a positive impact on the size of any award given to the company.
Updates to the Regional Defence Investment Initiative:
Additionally, according to the latest RDII application pages on the Government website, the total figure sum for the initiative is stated as $379.2 million - a 5.6% increase from the originally planned figure of $357.7 million.
I would also like to give a quick break down of the Regional Defence Investment Initiative, and how the locations of operations for the Canadian businesses that apply affects their eligibility for awards.
This is worth knowing because, as the initiative's name would suggest, the $379.2 million total value of the RDII is divided up and shared across the seven Canadian Regional Development Agencies.
As Horizon Aircraft is based and operates entirely within Southern Ontario, any application that it makes for funding from the RDII will be through the Southern Ontario fund - overseen by FedDev Ontario.
Now, the latest available information that I can find that also provides a clear breakdown of this pot is slightly outdated, as it references the RDII's total size as being the old $357.7 million figure. Regardless, it gives the following breakdown:
>"FedDev Ontario’s allocation through this national initiative is $94.7 million.
>In addition, understanding the critical importance of the defence sector in the region, FedDev Ontario is allocating an additional $106 million from existing resources to total nearly $200 million in defence support."
In the more up to date RDII application page that I linked above, the up-to-date $379.2 million figure is used, however, the stated total for the Southern Ontario fund remains unchanged at "nearly $200 million." It is therefore unclear whether the 5.6% increase in total investment to the initiative will result in any increase to the initially planned $94.7 million allocation for Southern Ontario.
Conclusion:
The scope for Horizon Aircraft to receive non-dilutive government funding from the applicable Defence Industrial Strategy initiatives has increased substantially. Whereas up until recently, I thought that we were competing for a slice from a ~$4.2 billion pie, it turns out that, according to the latest available figures, that pie has substantially increased in size to a new total of $6.207 billion.
With exciting LinkedIn shout outs from Canada's Secretary of State for Defence Procurement, Stephen Fuhr, together with whom Brandon Robinson served in the Canadian Air Force (as shared a couple of days ago by u/PhilosophySalt7695), as well as one-on-one meetings with Canadian Defence Minister David McGuinty, the outlook for Horizon Aircraft receiving some form of non-dilutive Government funding has never looked brighter.
I am extremely optimistic that we will hear some form of announcement on this at some point in the coming year.
u/GNeville98 — 24 days ago
▲ 43 r/IntuitiveMachines
New WH OSTP Report Calls for Government Agencies to Prioritise National Missions, Including the Moon Base.
Here's something to break up the monotony of price movement discussions. The White House Office of Science and Technology Policy (OSTP) yesterday released a new report issued for the President entitled "Science: A New Golden Age."
In their statement released alongside the document, the OSTP described the report as one that "lays a policy foundation that frees American scientists to do their most groundbreaking work, revives the national pursuit of ambitious scientific missions, and positions the United States to lead the AI-driven scientific revolution that will define the next century."
The report structures its recommendations to government around four key pillars, the second one I believe is the most relevant to us and reads as follows (please follow my link to the statement and document if you'd like to see the others):
- Secure U.S. Dominance in Critical and Emerging Technologies: Federal R&D should prioritize national mission-driven scientific initiatives that unite government, industry, academia, and philanthropy around ambitious goals. These include the Genesis Mission to double the productivity of American research through AI; the Quantum Computer for Application Development and Discovery Science (QC-ADDS); commercial fusion power demonstration by the mid-2030s; crewed lunar return and lunar base development; and next-generation semiconductor technologies.
The report as a whole is structured into five chapters, with a summary of each chapter having been provided at the beginning of the document. Reading through this Summary Of The Report section, here are the passages that have caught my eye so far:
In Chapter III - SECURING U.S. DOMINANCE IN CRITICAL AND EMERGING TECHNOLOGIES
>"Open Federal Infrastructure to American Builders: The Federal Government has facilities and testbeds no startup can replicate on its own. Broaden industry access to America’s laboratory research infrastructure, including at Department of Energy (DOE) national laboratories, National Aeronautics and Space Administration (NASA) centers, and Department of War (DOW) facilities. Consider innovative potential alongside scientific merit in use approvals, streamline Cooperative Research and Development Agreements (CRADAs) and licensing, further leverage Other Transaction Authority (OTA) to enable private-sector engagement in co-designing research directions, and expand partnerships with the private sector to make joint investments into cutting-edge equipment."
>"Organize Pre-Competitive Consortia and Grand Challenges: The Apollo Program and the Human Genome Project succeeded because the Federal Government marshalled scientific effort at a scale no single institution could match. Leverage grand challenges that pull breakthroughs forward, and create moonshot-scale missions for issues of national importance. Support industry consortia and use federal resources to break shared engineering bottlenecks in foundational areas, as Extreme Ultraviolet Limited Liability Company (EUV LLC) did for semiconductor lithography."
Now the report is vast at 123 pages long, so I have not had time this morning to read and digest all of it, but having gone through the Summary Of The Report section, the most relevant passages to us that I've shared above are all from Chapter III - SECURING U.S. DOMINANCE IN CRITICAL AND EMERGING TECHNOLOGIES. Therefore, I decided to focus my reading on that chapter for more details.
However, there is virtually no mention of the specific points raised above in the chapter itself, despite being specifically mentioned in the report's TLDR summary of said chapter. I mean...WTF? Why is the US government baiting me like this? Don't they know I'm trying to do DD, dammit!?
Anyways, having skimmed through a few of the other chapters, as well as some liberal use of Ctrl+F, I found some more relevant information in the Annex: FY 2028 R&D Priorities Memo section at the very end of the document.
This Memo issues guidance to agencies on how to structure their FY 2028 Budget submissions to the OMB to advance National Science and Technology missions.
>"Agencies should align their R&D investments, where appropriate, with the Administration’s national missions, including:
The memo continues:
>"Agencies should support these missions through the full range of R&D policy instruments available to them. Each agency should identify, through the FY 2028 Budget process and other established budget review channels how its mission specific research priorities and programs can support these national goals, consistent with statutory authorities, agency missions, and available resources. In their FY 2028 budget submissions, agencies should consider how to prioritize their R&D infrastructure, including user facilities, testbeds, and high-performance computing assets, toward mission needs and expand access for university and industry partners."
According to the statement released in tandem with this report:
>"Federal R&D agencies are required to submit an action plan within 90 days outlining implementation of these priority practices, while incorporating the budget guidance into their FY2028 submissions to the Office of Management and Budget."
I was going to post this in the Daily Discussion Thread, but it became far too long, and so I've decided to make it a dedicated post. Hopefully it is relevant enough to justify this, if not I can make it a post in the thread.
I also want to repeat that I have not had time to read and digest the full document, so perhaps there is more information to be found within. If anyone else finds any other relevant information, please feel free to add.
u/GNeville98 — 29 days ago
Horizon Aircraft Secures LOI with V-Star Powered Lift Aviation for the Purchase of Up to 100 Hybrid eVTOLs for $600 Million
V-Star's addition of Cavorite X7 hybrid-electric VTOLs to its fleet will deliver faster, more affordable emergency air response across Australia
FARNBOROUGH, GB / ACCESS Newswire / July 21, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced it has signed a Letter of Intent ("LOI") with V-Star Powered Lift Aviation Pty Ltd. ("V-Star"), an Australian-based aircraft operator specializing in advanced power-lift aircraft, to purchase 5 Cavorite X7 hybrid-electric VTOL aircraft with options to purchase up to an additional 95 aircraft. V-Star intends to secure the delivery slots for these 5 aircraft with a firm deposit upon execution of the definitive agreement.
V-Star provides innovative, cost-effective aviation solutions with particular expertise in critical emergency services. The addition of Cavorite X7s into V-Star's fleet will significantly reduce medevac response times and patient transfers, and search and rescue missions can be executed faster and more cost-efficiently.
>V-Star CEO Tony Laws commented, "Flying at nearly twice the speed of helicopters, the addition of Cavorite X7s to our fleet will be a critical advantage to help people in need when minutes matter. V-Star is committed to delivering leading powered-lift technologies across Australia to improve outcomes on critical missions, and this LOI with Horizon Aircraft brings us one step closer to a new standard for emergency services operations and cost-effective transport solutions in regional Australia."
>Horizon Aircraft Co-Founder and CEO Brandon Robinson said, "V-Star's intentions of moving to a firm order to deploy Cavorite X7s for time-critical missions makes this LOI significant. As more operators learn how the X7 is a compelling operational and economic alternative to helicopters, we believe a significant transformation will occur across emergency air services worldwide."
For more information, visit Horizon Aircraft's website or watch its innovative technology in action on the Company's YouTube channel. Information on Horizon Aircraft's website does not constitute a part of and is not incorporated by reference into this press release.
About V-Star Powered Lift Aviation
V-Star Powered Lift Aviation Pty Ltd. is an Adelaide-based aircraft operator dedicated to bringing powered-lift aviation to Australia and the wider Oceania and Southeast Asia region. Formed through the merger of two established South Australian aviation businesses, V-Star provides safe, cost-effective, and operationally efficient aviation solutions, with expertise in emergency services, search and rescue, aeromedical, and regional transport. The Company offers a holistic service model spanning flight operations, training, infrastructure, logistics, and engineering support, and is working to establish next-generation powered-lift aircraft as a faster, more affordable alternative to traditional rotary-wing operations across the region.
u/GNeville98 — 1 month ago
Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7
BETA's advanced flight controls system will provide maximum precision, stability, safety and efficiency for Horizon Aircraft's Cavorite X7 hybrid-electric VTOL aircraft
TORONTO, ON AND SOUTH BURLINGTON, VT / ACCESS Newswire / July 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) today announced that it has selected BETA Technologies, Inc. (BETA) (NYSE:BETA), an aerospace and defense company to supply its advanced flight control computers on the Company's full-scale hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7.
Through this partnership, Horizon Aircraft will integrate BETA's fly-by-wire (FBW) flight control hardware and customized software into the Cavorite X7 as the Company advances aircraft development, testing, and certification activities. BETA's FBW platform was designed specifically for modern VTOL aircraft and incorporates safety-critical software, system redundancy, and a flexible architecture intended to support reliable aircraft operations. BETA has designed its flight control computer (FCC) to support certification pathways for FAA Part 21.17(b) powered-lift, Part 23, and Part 25 applications, as well as future international regulatory frameworks including Transport Canada and EASA requirements.
"At BETA, our ambition has always been to build the key technologies that move the aviation industry forward," said Kyle Clark, Founder and Chief Executive Officer of BETA Technologies. "Horizon Aircraft has a strong team capable of designing and flying the X7, and they chose our flight control computers because we built them to meet the most rigorous standards in the industry. They're compact, purpose-built for powered-lift, and designed with the certification discipline that DAL-A software and hardware development demands."
Advanced flight control systems are among the most safety-critical components of modern VTOL aircraft and are central to aircraft handling, performance, and certification.
"Flight controls are at the heart of our aircraft, so the process of selecting a flight controls partner was done methodically," said Tom Brassington, Chief Technology Officer, Horizon Aircraft. "We were attracted to BETA because of their sophisticated VTOL-specific FBW platform, a shared engineering philosophy, and the ability to support the rigorous long-term program requirements of aircraft certification."
BETA's FCCs were developed in-house to provide the capability, speed and reliability demands of modern powered-lift aircraft. Leveraging the latest electronics, the compact system delivers high-performance flight control in a lightweight form factor capable of meeting the stringent environmental and lightning protection requirements for eVTOL operations in both FAA and international airspace. Because Horizon Aircraft will use the same FCC hardware as BETA's own fleet, both companies benefit from shared economies of scale that reduce component costs and strengthen manufacturing efficiency.
As a merchant supplier of safety-critical components such as motors, batteries and flight controllers, BETA has the in-house capability to develop hardware and software up to Development Assurance Level A (DAL-A), the highest level of rigor recognized by the FAA and international regulators for systems whose reliability is paramount. The FBW architecture is also designed with the capability for customers to seamlessly integrate mission controls for autonomous aircraft operations in the future. Alongside its electric motors and battery systems, BETA's flight control computers represent a growing portfolio of components available to aircraft manufacturers across the advanced air mobility and aerospace sectors.
u/GNeville98 — 1 month ago
Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace
Global aviation engineering and defense expert Marshall Aerospace supports Horizon Aircraft's hybrid eVTOL development and certification process
TORONTO, ON / ACCESS Newswire / June 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that global partner Marshall Aerospace ("Marshall") has successfully completed a flight dynamics and control model to support the development and certification of the Company's hybrid-electric vertical takeoff and landing (VTOL) aircraft, the Cavorite X7.
Horizon Aircraft partnered with Marshall's Aero Engineering Services for their extensive experience and proven track record with platform modifications, special mission conversions, and other applied engineering programmes related to the dynamics, stability and control of aircraft.
>"We're delighted to support Horizon Aircraft through safety-critical development work on a product that presents new possibilities for commercial and military aviation," said Mark Hewer, Aero Engineering Services Director, Marshall Aerospace. "This programme shows how our deep engineering experience translates across complex challenges ranging from platform modifications to special mission conversions and test beds."
The Marshall team has now conducted extensive analysis to model how the X7's aerodynamic, propulsion and mass characteristics influence flight behaviour. The outcome is a six degrees of freedom (6-DOF) flight model to support development of the X7's safety-critical control system, enabling Horizon Aircraft to predict and optimise how the aircraft responds to control inputs.
Horizon Aircraft Chief Technology Officer Tom Brassington stated, "The delivery of the first flight model for the Cavorite X7 marks a strong start to our partnership with Marshall Aerospace. Marshall's engineers have integrated seamlessly into our development process, serving as an extension of our team and applying their expertise to developing one of the safest, toughest, and most performant modern VTOL aircraft."
For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel.
About Marshall Aerospace
Marshall Aerospace is a British aerospace and defence company with more than a century of engineering excellence. The company specializes in aircraft design, integration, certification, maintenance, repair and overhaul (MRO), and advanced manufacturing. A global leader in C-130 Hercules support since 1966, Marshall has earned multiple world-first accreditations and recognitions for its expertise on the platform. The company partners with governments, military operators, and leading OEMs worldwide to deliver complex aerospace and defence programs.
u/GNeville98 — 2 months ago
Horizon Aircraft Advances Dual-Use Certification Path Through Cert Center Canada Partnership
reddit.comu/DeathSmiIes — 3 months ago