The Fort Worth Press - Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace

TORONTO, ON / ACCESS Newswire / June 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that global partner Marshall Aerospace ("Marshall") has successfully completed a flight dynamics and control model to support the development and certification of the Company's hybrid-electric vertical takeoff and landing (VTOL) aircraft, the Cavorite X7.

Horizon Aircraft partnered with Marshall's Aero Engineering Services for their extensive experience and proven track record with platform modifications, special mission conversions, and other applied engineering programmes related to the dynamics, stability and control of aircraft.

"We're delighted to support Horizon Aircraft through safety-critical development work on a product that presents new possibilities for commercial and military aviation," said Mark Hewer, Aero Engineering Services Director, Marshall Aerospace. "This programme shows how our deep engineering experience translates across complex challenges ranging from platform modifications to special mission conversions and test beds."

The Marshall team has now conducted extensive analysis to model how the X7's aerodynamic, propulsion and mass characteristics influence flight behaviour. The outcome is a six degrees of freedom (6-DOF) flight model to support development of the X7's safety-critical control system, enabling Horizon Aircraft to predict and optimise how the aircraft responds to control inputs.

Horizon Aircraft Chief Technology Officer Tom Brassington stated, "The delivery of the first flight model for the Cavorite X7 marks a strong start to our partnership with Marshall Aerospace. Marshall's engineers have integrated seamlessly into our development process, serving as an extension of our team and applying their expertise to developing one of the safest, toughest, and most performant modern VTOL aircraft."

For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel.

About Marshall Aerospace

Marshall Aerospace is a British aerospace and defence company with more than a century of engineering excellence. The company specializes in aircraft design, integration, certification, maintenance, repair and overhaul (MRO), and advanced manufacturing. A global leader in C-130 Hercules support since 1966, Marshall has earned multiple world-first accreditations and recognitions for its expertise on the platform. The company partners with governments, military operators, and leading OEMs worldwide to deliver complex aerospace and defence programs.

For more information, visit:
https://marshallgroup.com/

About Horizon Aircraft

Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.

For further information, visit:

Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-inc

For further information, contact:

Investors:

Kathryn Burns
[email protected]

Media:

Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
[email protected]

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the SEC and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.

Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.

SOURCE: Horizon Aircraft

View the original press release on ACCESS Newswire

C.Dean--TFWP