XTI Aerospace Inc (XTIA) Finansal

XTI Aerospace, Inc. engages in the provision of aircraft manufacturing. The company is headquartered in Englewood, Colorado. The company went IPO on 2002-05-29. The company is a provider of unmanned aircraft systems, solutions, services and hardware. Through its XTI Aircraft business, the Company is engaged in the development of advanced vertical takeoff and landing (VTOL) aircraft with the range and speed of planes and the takeoff and landing capability of helicopters. The company is developing the TriFan 600, a civilian fixed-wing VTOL airplane that offers the speed and comfort of a business airplane and the range and versatility of VTOL for a wide range of customer applications, including private aviation for business and individuals, emergency medical services and regional charter air travel, defining a new category of VTOL that the Company terms the xVTOL. The TriFan 600 is a seven-occupant airplane intended to provide point-to-point air travel over distances of over 1,000 miles, fly at twice the speed and three times the range of competing helicopters.