Business
President Trump's Executive Order Highlights the Strategic Importance of VTOL Sector
Commending President Trump's recent Executive Order aimed at accelerating domestic drone production and strengthening U.S. leadership in advanced air mobility, XTI Aerospace (NASDAQ: XTIA) is issuing the following statement reinforcing the critical role of vertical takeoff and landing (VTOL) technology to meet national security priorities and a rapidly evolving commercial market.
About this update from Xti Aerospace, Inc.
[{"type":"text","content":"XTI Aerospace expects Trump Executive Order to accelerate VTOL development for commercial and military applications","length":115,"tagName":"p","attribs":{}},{"type":"text","content":"ENGLEWOOD, Colo., June 10, 2025 /PRNewswire/ -- Commending President Trump's recent Executive Order aimed at accelerating domestic drone production and strengthening U.S. leadership in advanced air mobility, XTI Aerospace (NASDAQ: XTIA) is issuing the following statement reinforcing the critical role of vertical takeoff and landing (VTOL) technology to meet national security priorities and a rapidly evolving commercial market.","length":454,"tagName":"p"},{"type":"image","alt":"President Trump’s June 6, 2025 Executive Order is expected to accelerate VTOL development and commercialization.","displaySize":"","headline":null,"caption":"President Trump’s June 6, 2025 Executive Order is expected to accelerate VTOL development and commercialization.","className":"","disableSlideshowImg":false,"size":{"original":{"width":360,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/fc51ef08214be23c72a912c77a2b49b0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yqscQmVKgOhew3qmUfgTVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc4MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fc51ef08214be23c72a912c77a2b49b0","width":360,"height":400}},"href":"https://mma.prnewswire.com/media/2707160/Executive_Order.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""The Executive Order recognizes what many of us in the aerospace industry see clearly every day: the future of air mobility — both civilian and defense — depends on agility and vertical, runway-independent capability," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "VTOL aircraft are not only central to next-generation UAS (drone) platforms and urban air mobility applications but also air medical, disaster response, military, cargo logistics, and emergency preparedness."","length":508,"tagName":"p"},{"type":"text","content":"XTI Aerospace, developer of the TriFan 600 — a VTOL airplane capable of a range of nearly 1,000 miles at speeds over 300 mph — is uniquely positioned to serve a diverse range of emerging military, commercial, private, and strategic public-sector mission-specific and purpose-driven initiatives...