Elroy Air Secures $2B in Orders
Elroy Air announced on Jan. 11 that it has secured more than $2B in orders from customers in the commercial, defense and humanitarian sectors. The news comes after Elroy Air signed an agreement with LCI, a subsidiary of the UK-based Libra Group, that includes commitments to purchase up to 40 of Elroy’s Chapparal VTOL drone. The agreement also includes down payments on an unspecified number of aircraft. The Chapparal, which Elroy unveiled at the VFS’s 9th Annual Electric VTOL Symposium (see “TVF2022: Vehicles and Volts,” Vertiflite, March/April 2022), is an autonomous VTOL cargo delivery system capable of delivering cargo up to 300 miles (482 km).