BETA Technologies and EXIM Bank Announce Intent to Expand Financing Agreement for Up to $1 Billion to Fuel U.S. Aerospace Manufacturing Growth

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-- Underscores EXIM's conviction in BETA's industry leadership with $830 million of incremental, non-dilutive financing to initial $170 million tranche -- -- Proceeds would increase vertical integration, domestic capability and expand propulsion production -- -- Proposed expansion represents an additional tranche of funding and would double manufacturing throughput capacity of propulsion and aircraft over the next several years -- SOUTH BURLINGTON, Vt., August 04, 2026--(BUSINESS WIRE)--BETA Technologies, Inc. (NYSE: BETA) ("BETA"), an aerospace and defense company, and the Export-Import Bank of the United States ("EXIM") announced their intention to expand the parties' existing financing relationship. The proposed expansion would provide BETA with up to $1 billion in net financing, which includes approximately $830 million of incremental capital available through one or more tranches. This would extend the existing $170 million financing relationship that supported the construction of BETA's aircraft production facility in South Burlington, Vermont. Upon completion, BETA expects to use the proceeds to support the next phase of its manufacturing growth in the United States, which could include: "Through our 2025 IPO, BETA raised approximately $1.2 billion, and our relationship with EXIM Bank aims to provide an additional $1 billion of non-dilutive growth capital," said Kyle Clark, founder and chief executive officer of BETA. "As we execute our stated long-term vision, this financing is intended to fund critical capital expenditures that will support vertically integrated domestic manufacturing. We will create high-paying, high-quality American jobs building products that are important to the national economy and our national security. Over the next several years, we intend to double the throughput of our facilities and add strategic manufacturing processes that will strengthen our internal supply chain, reindustrialize the American aerospace base and expand our ability to serve customers around the world." The contemplated agreement follows a series of strategic milestones over the past month that reflect BETA's momentum and leadership across commercial and defense aviation: "BETA Technologies is advancing electric aviation through both aircraft production and its suite of enabling technologies," said John Jovanovic, president and chairman of EXIM. "This ...

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