"The third quarter marked one of the most significant periods of technical and strategic progress in our company's history," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "We continued our monthly FAA engagement across multiple certification disciplines, completed subscale flight operations that validated key elements of our TriFan 600 design, secured an avionics system for the TriFan 600, and expanded our innovation ecosystem with globally recognized partners. At the same time, the FAA and Trump Administration released landmark policy guidance that aligns with XTI's long-term vision for both manned and unmanned vertical mobility. Collectively, these developments reinforce our conviction in the TriFan 600 and our broader strategy to shape the future of the Vertical Economy."
"Just as importantly, we continue to strengthen our business fundamentals," continued Pomeroy. " We closed an $18.5 million (net) public offering to support ongoing engineering work and significantly enhanced our balance sheet through disciplined capital execution. Our subscale aircraft program, new advisory talent, expanded customer-centric design initiatives with IDEO, and deepening propulsion and autonomy partnerships all position XTI for measurable near-term progress as we work toward the TriFan 600 piloted demonstrator in 2027. We believe the third quarter represents a clear acceleration in momentum across every dimension of our plan."
Third Quarter 2025 Business Highlights
TriFan 600 Development Milestones
Completed multiple FAA technical familiarization (Tech Fam) reviews—including structures, propulsion systems, and flight performance—advancing alignment with the FAA across key certification areas spanning structural design, propulsion safety, and CTOL/VTOL flight characteristics.
Advanced subscale aircraft development, successfully completing initial flight operations for the Sparrow (1:15 scale) and Kestrel (1:12 scale) prototypes, validating aerodynamic and stability models for the TriFan 600.
Conducted preparations for TriHawk subscale aircraft, the next major step toward full-scale demonstration, with initial flight operations expected in Q4 2025.
Selected the Garmin G700 TXi integrated flight deck, bringing advanced situational awareness, synthetic vision, smart autopilot integration, and open-architecture systems to the TriFan 600 cockpit.
Continued monthly FAA engagement across certification ...
