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Lockheed Martin Invests In eSTOL Company Electra.aero

Cal Biesecker By
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Lockheed Martin Invests In eSTOL Company Electra.aero
Artist's rendering of Electra.aero's hybrid-electric, ultra-short takeoff and landing aircraft. Earlier in 2022, Lockheed Martin led a Series A funding round in the developer of hybrid-electric ultra-short takeoff and landing aircraft. Image: Electra.aero

Electra.aero, a relatively new company pursuing new aircraft solutions for the urban and regional air mobility markets, on Tuesday said that it has received a lead investment from Lockheed Martin [LMT] for a funding round that will help it get to its first flight of a technology demonstrator later this year. The amount of the investment wasn’t disclosed and Electra is still lining up additional investors for its Series A funding round. In addition to the investment by Lockheed Martin…

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