Eve Air Mobility Names Latecoere as Supplier for eVTOL Doors

Rhea-AI Summary

Eve Air Mobility (NYSE: EVEX; EVEXW) has appointed Latecoere (Paris: LAT) as the supplier for the doors of its eVTOL (electric vertical takeoff and landing) aircraft. Eve is a global leader in the eVTOL sector, focusing on sustainable, all-electric flight. The company, headquartered in Melbourne, FL, employs nearly 1,000 people and is developing a four-passenger, one-pilot eVTOL aircraft.

Latecoere will be responsible for designing and manufacturing the passenger and pilot doors, with an emphasis on safety, weight optimization, and low-carbon commitments. This collaboration is expected to help Eve achieve its development, certification, and production milestones.

Additionally, Eve plans to begin deliveries in 2026 and has an industry-leading backlog with letters of intent for up to 2,900 eVTOL aircraft. The first production facility will be located in Taubaté, São Paulo, Brazil, and the assembly of the first full-scale prototype is underway.

Positive

• Eve Air Mobility appoints Latecoere as the supplier for eVTOL aircraft doors, indicating strong partnerships.
• Eve has nearly 1,000 employees working on a four-passenger, one-pilot eVTOL aircraft.
• Latecoere collaboration focuses on system safety, weight optimization, and low-carbon commitments.
• Eve has the largest industry backlog with letters of intent for up to 2,900 eVTOL aircraft.
• Production facility in Taubaté, São Paulo, Brazil, indicates strategic expansion.
• First full-scale prototype assembly has begun, showing progress towards production goals.
• Eve plans to begin deliveries and enter service in 2026, providing a clear timeline for investors.

Negative

• Success depends on achieving milestones related to development, certification, and production ramp-up.
• Eve's entry into service is scheduled for 2026, which means revenue generation is several years away.
• Potential risks associated with the development and certification of new technology.
• Dependence on partners like Latecoere for critical components may introduce supply chain risks.

TOULOUSE, France--(BUSINESS WIRE)-- Regulatory News:

Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) has named Latecoere (Paris:LAT) as supplier for its electric vertical takeoff and landing aircraft’s doors.

Eve is a global electric vertical takeoff and landing (eVTOL) aircraft manufacturer, services and software leader focused on accelerating the world’s transition to sustainable, all-electric flight. Headquartered in Melbourne, FL USA, Eve has a global team of nearly 1,000 employees dedicated to designing and developing a four-passenger, one pilot eVTOL aircraft along with a holistic suite of agnostic services and operations solutions.

As part of this new collaboration, Latecoere will design and manufacture passenger and pilot doors for the eVTOL, contributing to reach the program’s milestones in terms of development, certification, and rapid ramp-up trajectory. Prime focus will be placed on system safety, product weight optimization, and low-carbon commitments.

Greg Huttner, CEO of Latecoere: “This contract is the result of a close collaboration between our teams in France and the Americas. It will strengthen our expertise in composites and position Latecoere in an additional business segment, in particular on a programme with flourishing market prospects. Our teams are beyond excited to support Eve’s development and success for the future of urban mobility.”

Last year, Eve Air Mobility announced that its first eVTOL production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. The company has begun assembly of its first full-scale eVTOL prototype which will be followed by a test campaign. Eve has the industry’s largest backlog with letters of intent for up to 2,900 eVTOL aircraft and its aircraft is scheduled to begin deliveries and enter service in 2026.

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About Latecoere

Tier 1 to the world’s leading OEMs (Airbus, BAE Systems, Boeing, Bombardier, Dassault Aviation, Embraer, Honda Aircraft Company, Lockheed Martin, RTX, Thales), Latecoere serves aerospace with innovative solutions for a sustainable world. The Group operates in all segments of the aerospace industry (commercial, regional, business, defense and space) in two business areas:

• Aerostructures (61% of sales): doors, fuselage, wings and empennage, struts & rods and customer services;
• Interconnection Systems (39% of sales): wiring, avionic racks, onboard equipment, electronic systems and customer services.

As of December 31, 2023, the Group employed 5,497 people in 14 countries. Latecoere is listed on Euronext Paris - Compartment B, ISIN Code: FR001400JY13 - Reuters: AEP.PA - Bloomberg: AT.FP

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604598809/en/

Thierry Mahé / Media Relations

+33 (0)6 60 69 63 85

LatecoereGroupCommunication@latecoere.aero

Source: Latecoere

FAQ

Who has Eve Air Mobility chosen as a supplier for eVTOL doors?

Eve Air Mobility has named Latecoere as the supplier for its electric vertical takeoff and landing aircraft's doors.

What is Eve Air Mobility's stock symbol?

Eve Air Mobility's stock symbols are NYSE: EVEX and EVEXW.

When is Eve Air Mobility expected to begin deliveries for its eVTOL aircraft?

Eve Air Mobility is scheduled to begin deliveries and enter service in 2026.

Where will Eve Air Mobility's first eVTOL production facility be located?

Eve Air Mobility's first eVTOL production facility will be in Taubaté, São Paulo, Brazil.

How many eVTOL aircraft letters of intent does Eve Air Mobility have?

Eve Air Mobility has letters of intent for up to 2,900 eVTOL aircraft.

What are the key focuses of the collaboration between Eve Air Mobility and Latecoere?

The collaboration focuses on system safety, product weight optimization, and low-carbon commitments.