New Horizon Aircraft Ltd. (HOVR) announced a partnership with RAMPF Composite Solutions to manufacture the main body of its hybrid‑electric Cavorite X7 aircraft. The agreement gives RAMPF the rights to produce the fuselage in Toronto, Ontario, and is intended to accelerate the transition from prototype to full‑scale production.
The Cavorite X7 is a fan‑in‑wing hybrid‑electric VTOL that can reach 280 mph, fly 500 miles, and carry a pilot plus six passengers. RAMPF’s expertise in large‑aircraft composite structures—using VARTM, resin infusion, and tailored fiber placement—provides a proven, high‑strength, lightweight solution that reduces lead times and supply‑chain risk for HOVR. By outsourcing fuselage production, HOVR can focus engineering resources on propulsion and avionics while leveraging RAMPF’s established supply chain and quality controls.
HOVR’s second‑quarter fiscal 2026 results showed a loss of $0.21 per share, a figure that reflects ongoing R&D and development costs. The company’s liquidity remains strong, with a current ratio of 6.51 and a recent $11.1 million capital infusion from a strategic investment in December 2024 and warrant exercises in January 2025. The partnership signals investor confidence and may improve HOVR’s ability to secure future capital by demonstrating a clear path to manufacturability.
The partnership is a key step toward HOVR’s 2027 flight‑testing schedule. The company has already completed a successful transition flight of its large‑scale prototype in May 2025 and has secured additional collaborations for propulsion, design, and power systems. With RAMPF building the fuselage locally, HOVR can accelerate certification milestones and move closer to commercial production for regional operators, emergency services, and military customers.
Brandon Robinson, HOVR’s co‑founder and CEO, said, “RAMPF’s industry‑leading aerospace composite capabilities make this a critical partnership for us. Seeing fuselage manufacturing underway is incredibly meaningful, and having it built locally in Ontario, Canada is something we are proud of.” Larry Fitzgerald, RAMPF’s CEO, added, “We are very excited to work with Horizon Aircraft on their revolutionary new aircraft, the Cavorite X7. This is the kind of project that professionals across the composites industry truly aspire to work on.”
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