- RTX's Raytheon selected to provide SeaRAM for Australia's new Mogami-class frigates
May 11, 2026
Contract marks Australia's first procurement of this advanced terminal ship defense system
LOUISVILLE, Ky., May 11, 2026 /PRNewswire/ -- Raytheon, an RTX business (NYSE: RTX), has been awarded a contract by Mitsubishi Heavy Industries (MHI) to provide SeaRAM® ship self-defense systems in support of Australia's Sea3000 General Purpose Frigate program. The Sea3000 program is set to replace the decommissioning Anzac-class frigates with 11 Upgraded Mogami-class frigates.
Under the contract, Raytheon will supply SeaRAM launchers, Blast Test Vehicles, and technical services to support installation and testing of the systems for the first three ships which are being built in Japan by MHI.
"SeaRAM extends the defensive reach of a ship beyond traditional close in weapon system ranges," said Barbara Borganovi, president of Naval Power at Raytheon. "By integrating SeaRAM on the Royal Australian Navy's new surface combatants, Australia gains a proven, highly effective terminal air and missile defense layer for its future fleet."
SeaRAM combines the Phalanx Close In Weapon System (CIWS) with the Rolling Airframe Missile (RAM) to provide autonomous terminal defense against cruise missiles and other advanced airborne threats. The selection of SeaRAM underscores long term demand for these systems and positions Australia as a new member of the global RAM user community.
Work on this contract will take place in Louisville, Kentucky. Deliveries are expected to begin in late 2028.
About Raytheon Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space.
About RTX With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contactcorporatepr@rtx.com.
Story Continues
Cision
View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-selected-to-provide-searam-for-australias-new-mogami-class-frigates-302763992.html
View Comments
- Dynamic Aerospace Systems (OTCQB:BRQL) to Host Delegation from Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Subaru, NEC, IHI and Other Japanese Defense Leaders Following DPS Drone Expo
May 6, 2026
ANN ARBOR, MI / ACCESS Newswire / May 6, 2026 / Dynamic Aerospace Systems Corporation (OTCQB:BRQL), a U.S.-based manufacturer of unmanned aerial systems (UAS), announced it will host a Japanese defense and industrial delegation on May 15, 2026, at its Ann Arbor facility to evaluate its drone platforms in live operational demonstrations.
The delegation includes representatives from major defense and industrial organizations, including the Japan Defense Technology Foundation, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., SUBARU Corporation, IHI Corporation, NEC Corporation, Mitsubishi Electric Corporation, and Oki Electric Industry Co., Ltd., among others.
The event follows the Company's Drone Demo Expo held April 30, 2026, in collaboration with the Arizona Department of Public Safety, where multiple law enforcement, fire, government, and international agencies evaluated Dynamic Aerospace Systems' platforms in real-world operational conditions.
The Company believes these demonstration events are accelerating evaluation cycles and increasing engagement from domestic and international stakeholders seeking secure, U.S.-manufactured UAV systems.
During the May 15 demonstration, Dynamic Aerospace Systems will showcase its core platforms:
G1 MkII Hybrid VTOL UAV - A long-endurance, long-range unmanned aircraft capable of multi-hour flight operations and extended mission ranges of up to approximately 1,100 miles, designed for wide-area surveillance, border security, and infrastructure monitoring. US-1 Electric Multicopter - A fully electric platform capable of up to approximately 90 minutes of flight time while carrying a 5-pound payload, supporting missions such as search-and-rescue, wildfire monitoring, and persistent aerial surveillance. Mitigator Tactical Drone - A compact indoor and confined-space system engineered for tactical environments, capable of withstanding wall impacts at speeds up to approximately 20 mph while continuing operation, with support for less-than-lethal payloads including flashbang and smoke deployment.
The demonstrations will include live flight operations, payload integrations, and mission scenarios intended to support evaluation for defense, public safety, and infrastructure applications.
"Global demand for secure, U.S.-manufactured drone systems continues to increase as agencies evaluate alternatives for mission-critical operations," said Kent Wilson, CEO of Dynamic Aerospace Systems. "Hosting both domestic multi-agency events and international delegations reflects growing interest in deployable UAV platforms that can meet evolving operational requirements."
Story Continues
The Company expects continued engagement with government and defense organizations as part of its strategy to expand evaluation programs, pilot deployments, and potential procurement pathways. Dynamic Aerospace Systems
About Dynamic Aerospace Systems (DAS):
Dynamic Aerospace Systems is a Nevada-incorporated business dedicated to developing innovative aerospace technologies, with a focus on advanced drones (UAVs) for military defense and commercial applications. Committed to engineering excellence and strategic partnerships, DAS delivers reliable, high-performance solutions to meet the evolving needs of the aerospace industry. The Company's common stock is traded on the OTCQB Market under the ticker symbol "BRQL."
For more information about DAS, visit: https://www.dynamicaerosystems.com/investor-relations/why-dynamic
Contact Information:
Dynamic Aerospace Systems (DAS)
3753 Plaza Dr, Ann Arbor, MI 48108
Investor Relations: ir@dynamicaerosystems.com
Media Inquiries: media@dynamicaerosystems.com
Follow DAS news and updates:
X: https://x.com/DynamicAeroSys
LinkedIn: https://www.linkedin.com/company/dynamic-aerospace-systems/
BlueSky: https://bsky.app/profile/dynamicaerosys.bsky.social
Facebook: https://www.facebook.com/profile.php?id=61572730386312
StockTwits: https://stocktwits.com/symbol/BRQL
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the anticipated timing, scope, and outcomes of the Company's Drone Demo Expo event, the level of participation by law enforcement, fire, government, and international agencies, and the potential evaluation, adoption, and deployment of Dynamic Aerospace Systems' unmanned aerial systems for public safety, defense, and commercial applications.
Forward-looking statements are based on current expectations, assumptions, and projections regarding the Company's business, technology capabilities, and market opportunities, including the expected growth in demand for U.S.-manufactured and secure UAV platforms. Words such as "expects," "anticipates," "plans," "believes," "intends," "may," "will," "could," and similar expressions are intended to identify such forward-looking statements.
These statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to: changes in event scheduling or participation levels; the outcome of live demonstrations and technology evaluations; the Company's ability to convert demonstrations into pilot programs, contracts, or procurement opportunities; regulatory requirements affecting UAV deployment; competitive market conditions; technological a microcap "story shift" piece) or tone it more like a traditional PR for wire distribution.
SOURCE: Dynamic Aerospace Systems
View the original press release on ACCESS Newswire
View Comments
- Australia, Japan Seal $6.5B warship deal; Mitsubishi Heavy shares rise on 3 Mogami frigates order
Apr 20, 2026
[Business, business people and office lifestyle concept]
seb_ra
* Shares of Japan’s largest defense contractor, Mitsubishi Heavy Industries (MHVYF [https://seekingalpha.com/symbol/MHVYF]) (MHVIY [https://seekingalpha.com/symbol/MHVIY]), rose nearly 4% on Monday after the country finalized a deal with Australia to build three general-purpose frigates.
* This will be Japan’s first ever warship export project, with the first vessel scheduled to be delivered to the Royal Australian Navy in 2029. Shares of MHI have gained about 75% in the last 12 months.
* Australia and Japan signed [https://seekingalpha.com/pr/20478185-australia-and-japan-seal-6_5b-warship-deal-with-3-mogami-frigates-ordered-first]contracts on Saturday to deliver the first three of a 10 billion Australian dollar ($6.5 billion) fleet of Japanese-designed warships, with the first due for delivery in three years.
* Mitsubishi Heavy Industries will build the first three Mogami-class frigates in Japan. Australia plans to build another eight in a shipyard in Western Australia state.
MORE ON MITSUBISHI HEAVY INDUSTRIES, LTD.
* Mitsubishi Heavy Industries: A Bull On Q3 Beat, Likely Full-Year Surprise [https://seekingalpha.com/article/4867796-mitsubishi-heavy-industries-a-bull-on-q3-beat-likely-full-year-surprise]
* Alaska takes step closer to first new U.S. coal power plant since 2013 [https://seekingalpha.com/news/4564967-alaska-takes-step-closer-to-first-new-us-coal-power-plant-since-2013]
* China tightens export controls on Japanese firms to curb 'remilitarization' [https://seekingalpha.com/news/4555621-china-tightens-export-controls-on-japanese-firms-to-curb-remilitarization]
* Historical earnings data for Mitsubishi Heavy Industries, Ltd. [https://seekingalpha.com/symbol/MHVIY/earnings]
* Financial information for Mitsubishi Heavy Industries, Ltd. [https://seekingalpha.com/symbol/MHVIY/income-statement]
- Horizon Aircraft Reports Results for Third Quarter of Fiscal Year 2026 and Provides Business Update
Apr 14, 2026
TORONTO, ON / ACCESS Newswire / April 14, 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 reported its financial and operational results for the third quarter of fiscal 2026 ended February 28, 2026.
Recent Highlights:
Continued strong liquidity with $20 million in cash, including what the Company expects is sufficient working capital to support planned aircraft development milestones through fiscal 2027; Advancing the full-scale hybrid-electric Cavorite X7 aircraft (the "Cavorite X7") from concept to reality; the Company expects to complete assembly later in 2026 with flight testing to commence in early 2027; Significant manufacturing partnerships established with world class organizations including RAMPF Composite Solutions (fuselage production) and North Aircraft Industries (wing manufacturing and structural testing); Commenced important collaboration with MHIRJ, a subsidiary of Mitsubishi Heavy Industries Ltd., to accelerate the Cavorite X7 manufacturing program through its highly specialized engineering support team; Comprehensive evaluation performed by a globally recognized accounting firm validating the Cavorite X7's projected operating cost of US$0.97 per available seat mile, which would significantly improve the economic performance for aircraft operators currently operating legacy helicopters and compares favorably to other aircraft in the Advanced Air Mobility space; Significantly improved operational efficiency, reflected in lower administrative costs relative to increased engineering expenses as the full-scale aircraft production advances.
Brandon Robinson, Co-Founder and CEO of Horizon Aircraft, commented, "This quarter marked a major inflection point as the Cavorite X7 aircraft transitioned from the design phase into manufacturing. With strong strategic partnerships and collaborations, growing technical capabilities, and solid liquidity, we are confidently tracking to complete our full-scale prototype by the end of 2026."
For more information, visit Horizon Aircraft's website or watch its innovative technology in action on the Company's YouTube channel.
Conference Call
New Horizon Aircraft will host a conference call on Tuesday, April 14, 2026, at 8:30 a.m. Eastern Time to review its financial and operational results. Participants may access the call by telephone at 888-506-0062 from North America and at 973-528-0011 from international numbers (Access Code: 835351) or by joining the live webcast on the Company's investor relations website at https://ir.horizonaircraft.com/events-presentations. A replay of the webcast will be available shortly after the call.
Story Continues
About Horizon Aircraft
Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.
For further information, visit:
Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-inc
For further information, contact:
Investors:
Kathryn Burns
ir@horizonaircraft.com
Media:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.com
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the Securities and Exchange Commission ("SEC") and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.
SOURCE: Horizon Aircraft
View the original press release on ACCESS Newswire
View Comments
- Evaluating Mitsubishi Heavy Industries (TSE:7011) Valuation After Strong Backlog Growth And Recent Share Price Momentum
Apr 9, 2026
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide.
Mitsubishi Heavy Industries (TSE:7011) has drawn investor attention after a recent share price move, with the stock down about 1% over the past day but higher over the past week and month.
See our latest analysis for Mitsubishi Heavy Industries.
That 1.4% one day share price pullback sits against a stronger backdrop, with a 12.1% 90 day share price return and a 1 year total shareholder return above 90%, suggesting momentum has been building rather than fading.
If Mitsubishi Heavy Industries has you thinking about wider opportunities in energy and infrastructure, it could be a good moment to check out 93 nuclear energy infrastructure stocks
With the share price already up strongly over one and five years and trading around ¥4,781 against an average analyst target near ¥5,326, the key question now is whether Mitsubishi Heavy Industries is still mispriced or whether the market is already factoring in future growth.
Most Popular Narrative: 6% Overvalued
At ¥4,781, Mitsubishi Heavy Industries is trading above the most followed fair value estimate of ¥4,527, which puts the current price at a premium to that narrative.
Order backlog growth to a record-high ¥10.77 trillion, with continued strong order intake in Energy Systems and infrastructure replacement projects, points to sustained multi-year revenue visibility as governments and corporations accelerate clean energy and infrastructure spending worldwide.
Read the complete narrative.
Curious what kind of revenue path could underpin that backlog, and what profit margins are baked into this premium price? The narrative leans on rising earnings quality, higher value energy transition projects, and a richer future earnings multiple. The full breakdown shows how those ingredients combine into that ¥4,527 fair value.
Result: Fair Value of ¥4,527 (OVERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, you still need to watch for foreign exchange swings and any slowdown in large Defense & Space projects, which could quickly challenge this positive margin outlook.
Find out about the key risks to this Mitsubishi Heavy Industries narrative.
Next Steps
If this all sounds optimistic, now is the time to look through the numbers yourself and pressure test the story. Check how those upside factors stack up in the 2 key rewards
Ready to hunt for your next idea?
If you stop with just one company, you could miss other opportunities that better fit your goals, risk comfort, and income needs.
Story Continues
Target potential value by scanning companies that combine quality fundamentals with attractive pricing through the 18 high quality undervalued stocks Strengthen your downside protection by focusing on businesses that appear resilient with the 48 resilient stocks with low risk scores Sharpen your watchlist with companies showing solid finances using the solid balance sheet and fundamentals stocks screener (35 results)
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include 7011.T.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Fervo Locks In 1.7 GW Turbine Supply as Geothermal Ambitions Accelerate
Apr 9, 2026
Fervo Energy and Turboden, part of the Mitsubishi Heavy Industries Group, announced a three-year framework agreement to supply Organic Rankine Cycle (ORC) turbines for up to 35 of Fervo’s standardized 50 MW GeoBlocks. The deal totals 1.7 gigawatts of carbon-free, dispatchable baseload power, marking a major step toward scaling next-generation geothermal across the United States.
The agreement builds directly on an earlier pact covering three GeoBlocks at Fervo’s Cape Station project in Utah, where Phase I commissioning is now in advanced stages with startup expected later this year. By locking in supply chain capacity and shortening lead times for Turboden’s proprietary ORC technology, the framework strengthens domestic manufacturing resilience and accelerates project timelines at a moment when U.S. power demand is surging from data centers and AI infrastructure.
ORC units efficiently convert geothermal heat into electricity, delivering the firm 24/7 power that intermittent renewables struggle to match. Fervo CEO Tim Latimer called the collaboration with Mitsubishi Heavy Industries a key move to “strengthen the supply chain needed to build geothermal at scale.”
This announcement arrives as interest in geothermal and nuclear power intensifies. With electricity demand exploding from AI and data centers, the market is showing a growing distaste for intermittent renewables that cannot guarantee reliable baseload power when needed most.
We hope nobody has forgotten how (not) helpful renewable energy was during Winter Storm Fern…
We first highlighted Fervo’s potential in the geothermal revolution reshaping America’s energy mix, where enhanced techniques and big-tech backing are turning the Earth’s heat into a practical solution for exploding electricity needs.
This latest supply deal also comes just weeks after we covered the DOE’s $171 million push for next-gen geothermal field tests.
With over 470 Turboden plants operating worldwide, the partnership positions Fervo to deliver reliable megawatts wherever the grid needs them most.
Story Continues
In an era of relentless demand growth, that kind of firm capacity looks increasingly indispensable.
By Zerohedge.com
More Top Reads From Oilprice.com
Trump Says US Could ‘Take the Oil’ in Hormuz Push WTI Prices Soar Past Brent Traders Ramp Up Bearish Oil Bets To Nearly $1 Billion
Oilprice Intelligence brings you the signals before they become front-page news. This is the same expert analysis read by veteran traders and political advisors. Get it free, twice a week, and you'll always know why the market is moving before everyone else.
You get the geopolitical intelligence, the hidden inventory data, and the market whispers that move billions - and we'll send you $389 in premium energy intelligence, on us, just for subscribing. Join 400,000+ readers today. Get access immediately by clicking here.
View Comments
- Horizon Aircraft and MHIRJ Join Forces to Advance Regional Air Mobility
Apr 8, 2026
Promising collaboration with MHI RJ Aviation Group (MHIRJ) will advance the development of the Cavorite X7 through specialist engineering services and deep regional aviation expertise
TORONTO, ON / ACCESS Newswire / April 8, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces its agreement with MHI RJ Aviation Group (MHIRJ), a subsidiary of Mitsubishi Heavy Industries Ltd. This collaboration aims to support the ongoing development of Horizon Aircraft's hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7.
Through this collaboration, MHIRJ will provide specialist engineering services focused on the design and development of flight test instrumentation for the Cavorite X7. This effort is essential to enable critical data collection from the aircraft's flight test program expected to begin in early 2027. In addition, MHIRJ will offer broad engineering support and utilize its regional aviation expertise to help move the Cavorite X7 program forward.
"We're excited to team up with Horizon Aircraft on their innovative Cavorite X7 project. With our expertise in engineering and regional aviation, we believe we can make a significant impact as they lead the way in hybrid-electric VTOL aircraft," declared Elio Ruggi, Senior Vice-President, Chief Engineer- Head of Aircraft Development, Quality & Flight Ops, MHIRJ. "This collaboration not only opens doors for business growth, but lets us use our engineering strengths to push this cutting-edge initiative forward. We're committed to contributing to the value chain and supporting sustainable technology in regional aviation."
Founded in 2020 following Mitsubishi Heavy Industries' acquisition of the CRJ Series program-one of the world's most successful regional aircraft families-MHIRJ brings decades of experience designing, certifying, and producing new aircraft types. The organization's team of highly experienced aerospace engineers and aviation specialists makes the partnership a strong strategic fit for the rapidly growing Horizon Aircraft.
Horizon Aircraft Co-Founder and CEO Brandon Robinson stated, "MHIRJ represents an elite engineering group within the global aerospace community with a proven track record in regional aircraft development. This partnership strengthens the Cavorite X7 program and helps significantly reduce the technical risk associated with advancing our aircraft toward flight testing and eventual certification."
Story Continues
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 MHI RJ Aviation Group
The MHI RJ Aviation Group (MHIRJ) provides comprehensive critical operational, engineering and customer support solutions including maintenance, refurbishment, technical publications, marketing and sales activities for the global regional aircraft industry. Headquartered in the Montréal area, Canada, and bolstered by an Aerospace Engineering Centre, MHIRJ's network of service centers, support offices and parts depots are positioned in important aviation hubs in Canada, the U.S. and Germany. A wholly-owned group of subsidiaries of Mitsubishi Heavy Industries, Ltd., the MHI RJ Aviation Group includes MHI RJ Aviation ULC (Canada), MHI RJ Aviation Inc. (U.S.A.) and MHI RJ Aviation GmbH (Germany). For more information about MHI RJ Aviation Group, please visit: mhirj.com.
About Horizon Aircraft
Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.
For further information, visit:
Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-inc
For further information, contact:
Investors:
Kathryn Burns
ir@horizonaircraft.com
Media:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.com
Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL prototype for initial testing, development priorities and technical milestones; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the Securities and Exchange Commission ("SEC") and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.
SOURCE: Horizon Aircraft
View the original press release on ACCESS Newswire
View Comments
- Fervo Energy and Turboden Announce New 1.7 GW Turbine Supply Framework Agreement
Apr 7, 2026
Fervo Energy and Turboden executives meet to sign the supply framework agreement
Framework agreement secures Turboden Organic Rankine cycle (ORC) turbines for up to 35 GeoBlocks – Fervo’s standardized 50 MW ORC power plants – ensuring a robust supply chain and dependable delivery timelines
HOUSTON, April 07, 2026--(BUSINESS WIRE)--Turboden America LLC, subsidiary of the technology provider for power generation and heat electrification Turboden S.p.A. (a Mitsubishi Heavy Industries Group company), today announced a three‑year framework agreement with Fervo Energy, a leader in next-generation geothermal development, to supply Organic Rankine cycle (ORC) units for up to 35 GeoBlocks totaling 1,750 MW of carbon-free, dispatchable power capacity.
This agreement is expected to enable the optimal conversion of geothermal heat into baseload carbon‑free electricity, and expands the US-based supply chain for Turboden’s proprietary ORC turbine design. These strengthened capabilities are intended to help shorten lead times for current and future customers and provide geothermal energy developers with a more efficient path to meeting rising power demand. This framework agreement also establishes delivery timelines that are expected to enable faster project execution and support supply chain resilience as Fervo scales.
"Over the past two years, we have built a constructive strategic relationship with Fervo, and this framework agreement reflects a mutual commitment to continued and expanded collaboration. Geothermal energy will be essential in stabilizing a strained power grid with clean, firm energy, and Fervo has shown strong leadership in advancing the sector," said Paolo Bertuzzi, President Turboden America LLC and CEO Turboden S.p.A. "With this announcement, we are prepared to scale delivery in the U.S. market and add megawatts of new generation wherever and however they are required."
This commitment builds on Turboden’s prior agreement with Fervo to supply ORC units for three 50 MW GeoBlocks at Fervo’s enhanced geothermal development in Utah, Cape Station. By establishing a multi‑year arrangement, Fervo has identified Turboden as a dependable supplier as it continues to scale and looks to rely on ORC technology as a core component of its projects. Both companies plan to apply lessons learned across deployed units to continuously strengthen system performance. The companies are currently in the advanced commissioning stage of the Phase I project at Cape Station, a key milestone representing the first project to start within a large and strategic development pipeline, with startup expected later this year.
Story Continues
"Expanding our work with Mitsubishi Heavy Industries is a key step in scaling geothermal to meet rising U.S. power demand," said Tim Latimer, CEO and co-founder of Fervo Energy. "By combining Turboden’s proven ORC technology with the global capabilities of Mitsubishi Heavy Industries, we are strengthening the supply chain needed to build geothermal at scale. This collaboration will play a central role as we continue to develop at Cape Station and beyond and bring reliable, 24/7 carbon-free energy to the grid."
As data center developers increasingly recognize geothermal energy as a viable baseload power solution, this agreement positions Turboden and Fervo to deliver fast‑tracked projects that address immediate, near‑term electricity demands. Turboden’s ORC turbines, which convert heat into power without increasing fuel consumption, water use, or CO2 emissions, can also be used with gas turbines and a range of industrial processes that produce waste heat, unlocking additional capacity from existing infrastructure for utilities and other energy providers.
About Turboden America LLC
Turboden America LLC, based in Houston, Texas, is a subsidiary of Turboden S.p.A., an Italian company that is part of Mitsubishi Heavy Industries Group and provides technological solutions for power generation and heat electrification to industries and to utilities. Its offerings range from Organic Rankine cycle (ORC) plants to large heat pumps, and gas expanders. Since 1980, Turboden has been a pioneer in the energy transition. Having established itself as a world leader in ORC technology, with over 470 plants in more than 50 countries, and more than 1 GWe of overall capacity, Turboden is now one of the most dependable technology partners for optimized solutions to decarbonize industrial and power generation processes. Its technologies have enabled over 63 million tons of CO₂ savings, confirming Turboden as a key global partner for energy efficiency and sustainability. www.turboden.com.
About Fervo Energy
Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power. Fervo’s mission is to leverage innovation in geoscience to accelerate the world’s transition to sustainable energy. With breakthroughs in horizontal drilling, fiber-optic sensing, and advanced reservoir engineering, Fervo is making geothermal scalable, competitive, and ready to meet growing global demand. For more information, visit www.fervoenergy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260407661902/en/
Contacts
Media Contact: Isaac Steinmetz
Antenna Group for Turboden
turboden@antennagroup.com
View Comments
- 2 Actively Managed Defense ETFs That Can Pivot as the War Evolves
Apr 1, 2026
Fighter jet flying low over desert terrain, symbolizing defense sector activity amid rising geopolitical tensions and active ETF interest.
Key Points
Two prominent actively managed ETFs holding defense stocks have surged in recent months even as the broader market has faltered. IDEF has wide latitude in seeking out global defense names, giving it excellent room to pivot in light of new information related to geopolitical conflicts. ARKX is a space-focused fund that has considerable overlap with defense industry names as well. Interested in iShares Defense Industrials Active ETF? Here are five stocks we like better.
With actively managed exchange-traded funds (ETFs) growing increasingly popular relative to traditional passive funds, investors may find that these ETFs can give an advantage when it comes to highly timely investment issues, such as those related to the ongoing Iran war. A key benefit of many active funds is that managers can make portfolio adjustments in real time and in response to developments in the market—many passively managed funds are linked to indices that may only be rebalanced periodically.
Investors do typically have to pay more in annual fees for active management, but actively managed funds may be well worth the additional cost if they are able to successfully generate stronger performance in a fast-moving investment landscape. To be sure, the conflict in Iran is exactly that type of scenario: with near-constant updates on the United States' goals and strategy, not to mention the major upheaval taking place within the energy market, defense stock investors must be nimble and responsive in order to make the best decisions from day to day. The active defense ETFs below may be a good place to start for those looking to outsource these moves.
→ Coursera's Options Anomaly: A Big Bet on What's Next?
A Broad International Defense and Security Fund, but With Minimal Performance History
The iShares Defense Industrials Active ETF (NASDAQ: IDEF) has a broad mandate focused on companies that could benefit from an increase in global defense and security spending. As such, it can hold a portfolio of aerospace, defense, infrastructure, and cybersecurity firms on a global scale, although close to 60% of the basket is made up of U.S.-based stocks. Other leading countries represented include South Korea, the United Kingdom, and Japan, among others.
IDEF's stocks tend to be those that could get a boost from an increase in government defense spending as a result of geopolitical turmoil—this makes it particularly responsive to unique conflicts like the wars in Iran and Ukraine, for example.
→ HP Inc. Stock Is Historically Cheap, but Can AI Change the Story?
Story Continues
The fund holds around 111 stocks, with the largest 10 occupying more than 42% of its portfolio—these include major U.S. defense and security names like RTX Corp. (NYSE: RTX) and Lockheed Martin Corp. (NYSE: LMT), although international companies like Rheinmetall (OTCMKTS: RNMBY) and Mitsubishi Heavy Industries Ltd. (OTCMKTS: MHVYF) also commonly feature in the top holdings.
Despite its fairly heavy focus on a small number of big names, IDEF is among the more broadly diversified defense ETFs available. It is also surprisingly inexpensive for an actively managed fund, with an expense ratio of only 0.55%. What IDEF does not have, however, is a long track record of success. The fund was only launched in May 2025, so it does not even have a full year of performance history as of this writing. Still, since launch, it has returned more than 25%, and that is despite a 15% selloff in the last month amid the broader market decline.
→ Unity Soars After Axing a Business, Here's Why
A Space-Focused Fund With a Defense Angle
The ARK Space Exploration & Innovation ETF (BATS: ARKX) is unique in that it accesses some defense names within the broader confines of a space-centered theme. There is, of course, significant overlap between space technology firms and the defense industry—companies focused on intelligent devices, autonomous mobility, reusable rockets, and similar innovations may be likely to find business in both of these spaces.
The universe of companies in the purview of ARKX is small, and the fund holds under three dozen unique positions, meaning that it is fairly concentrated. It also carries a somewhat higher expense ratio compared to IDEF, as it charges an annual fee of 0.75%.
Investors should beware that ARKX is less of a pure-play approach to defense compared to IDEF, including more mainstream companies like Amazon.com Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOG), although in lower concentrations than many of the key defense players in its portfolio.
The fund has a longer history than IDEF, with five years since its launch date and a one-year total return of almost 60%. Like IDEF above, this is after a decline—in the case of ARKX, by about 13%—in recent weeks.
With a narrower focus on space stocks, it may be less likely that ARKX will make immediate changes to the list of companies it invests in than it is that the fund managers will tweak the portfolio allocations in response to news updates. Still, even adjusting weighting can make a major difference in the returns that ARKX is able to secure in a rapidly shifting market.
The article "2 Actively Managed Defense ETFs That Can Pivot as the War Evolves" was originally published by MarketBeat.
View Comments
- Is Mitsubishi Heavy (TSE:7011) Quietly Recasting Its Energy Transition Story With AtmosZero Investment?
Mar 26, 2026
In March 2026, Mitsubishi Heavy Industries joined AtmosZero as an original equipment manufacturer investor, backing its technology to electrify industrial steam and integrate into existing boiler rooms and supply chains. This collaboration underlines Mitsubishi Heavy Industries’ push into lower-carbon industrial solutions, adding a new angle to its energy transition and infrastructure-focused business profile. Next, we’ll examine how Mitsubishi Heavy Industries’ backing of AtmosZero’s industrial steam electrification could influence its previously outlined investment narrative.
Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution.
Mitsubishi Heavy Industries Investment Narrative Recap
To own Mitsubishi Heavy Industries, you need to believe in its role as a global supplier of complex energy, infrastructure and defense systems, supported by a large, long-dated order backlog. The AtmosZero OEM investment fits this lower carbon tilt, but it does not meaningfully change the near term focus on executing record orders and managing FX sensitivity and segment margin pressure, which remain the key short term catalyst and risk.
Among recent announcements, the February 2026 guidance raise stands out as most relevant. Management lifted full year targets to ¥4,800,000 million in revenue and ¥260,000 million in profit attributable to owners, citing progress across core businesses. Against that backdrop, the AtmosZero partnership looks like an incremental way to reinforce MHI’s energy transition credentials while the main driver of the equity story still rests on converting the existing backlog into profitable growth.
Yet beneath the cleaner energy story, investors should be aware that FX swings and weaker segment margins could still…
Read the full narrative on Mitsubishi Heavy Industries (it's free!)
Mitsubishi Heavy Industries’ narrative projects ¥6,460.1 billion revenue and ¥438.4 billion earnings by 2028. This requires 8.1% yearly revenue growth and about a ¥187.0 billion earnings increase from ¥251.4 billion today.
Uncover how Mitsubishi Heavy Industries' forecasts yield a ¥4527 fair value, in line with its current price.
Exploring Other PerspectivesTSE:7011 1-Year Stock Price Chart
Compared with the baseline view, the lowest analysts sound far more cautious, even before this AtmosZero news, assuming revenue of about ¥6,206.0 billion and earnings near ¥371.7 billion by 2028, and still worrying that legacy thermal exposure could weigh on that outlook. Their more conservative stance highlights how differently you might assess the same company and why it can be useful to weigh several narratives before deciding what you believe.
Story Continues
Explore 4 other fair value estimates on Mitsubishi Heavy Industries - why the stock might be worth less than half the current price!
The Verdict Is Yours
Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
A great starting point for your Mitsubishi Heavy Industries research is our analysis highlighting 2 key rewards that could impact your investment decision. Our free Mitsubishi Heavy Industries research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Mitsubishi Heavy Industries' overall financial health at a glance.
Searching For A Fresh Perspective?
Right now could be the best entry point. These picks are fresh from our daily scans. Don't delay:
Capitalize on the AI infrastructure supercycle with our selection of the 35 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. This technology could replace computers: discover 24 stocks that are working to make quantum computing a reality. Outshine the giants: these 21 early-stage AI stocks could fund your retirement.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include 7011.T.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
