Eve (US:EVEX)2024-05-07 14:01Prototype Development - Full-scale prototype assembly is advancing at full speed[11] - The wing and empennage are connected to the fuselage structure[2] - Assembly of pylons and nacelles into the wing is in progress, along with the installation of the composite fuselage "skin"[2] - Wind-tunnel tests with rotors are upcoming[2] - Over 90% of component value has been purchased from suppliers[13] Commercial Progress - Eve's Urban Air Traffic Management Software ("Vector") was presented at Airspace World in Geneva[9] - New Vector customers were added, positively impacting services backlog[9] - AirX Inc signed a Letter of Intent (LOI) for up to 50 eVTOLs in Japan[9] - Letters of Intent have been signed for 2,900 eVTOL aircraft[34] Financials - The company anticipates total cash consumption between $130 million and $170 million for 2024[41]