Horizon Aircraft Awarded INSAT Grant to Help Fund $10.5 Million All-Weather eVTOL Project

Core Insights - Horizon Aircraft has been awarded a non-dilutive grant from the INSAT program to fund the CRYSTAL project, which aims to develop an all-weather eVTOL propulsion system [1] - The total estimated expenditure for the CRYSTAL project is $10.5 million, with Horizon Aircraft receiving $2.0 million in grant proceeds [1] Company Overview - Horizon Aircraft is an advanced aerospace engineering company focused on developing hybrid eVTOL aircraft [1] - The company is collaborating with the Flight Centre of Excellence and the University of Toronto for the CRYSTAL project [1]