Lilium Begins Integration of Garmin Standby Flight Instruments for the Lilium Jet
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Insights
The integration of Garmin's standby flight instruments into Lilium's eVTOL jets is a significant enhancement to the safety profile of these aircraft. In the context of aviation, the emphasis on safety and redundancy is paramount and the ability to maintain control and situational awareness during a primary system failure is critical for both pilot confidence and regulatory approval. The move aligns with industry best practices, where dual certification by the FAA and EASA is a benchmark for safety and reliability.
From an investor's standpoint, this development may be viewed positively as it demonstrates Lilium's commitment to meeting rigorous safety standards, potentially reducing the barriers to market entry and enhancing the appeal of the Lilium Jet to operators. This could be a factor in the acceleration of commercialization and an increase in pre-orders once certification is achieved. However, investors should also consider the costs associated with such high levels of safety compliance, which could impact Lilium's financials in the short term.
Garmin's reputation as a leading avionics supplier lends credibility to Lilium's choice in standby instrumentation. The incorporation of Garmin's technology, which includes inertial sensor data and a modern touchscreen interface, indicates a forward-thinking approach to avionics design. It is important to note that the success of new aviation technologies like eVTOLs hinges not only on performance but also on the ability to instill trust among regulators, operators and the public.
The redundancy offered by Garmin's instruments could be a critical factor in ensuring operational integrity and managing risk perceptions associated with eVTOL aircraft. While this is a positive step, the long-term impact on Lilium's business will depend on the successful integration of these systems into their jets and the subsequent performance during certification trials.
The announcement of the delivery of Garmin's standby flight instruments and their integration into Lilium's jets and flight simulators is a tangible milestone that may influence investor sentiment. It indicates progress in product development and a move closer to the piloted flight tests slated for late 2024. For the stock market, such milestones can act as catalysts for share price movements, especially for companies in cutting-edge sectors like eVTOLs where progress is closely monitored.
However, the capital-intensive nature of aviation manufacturing and the extended timelines for certification and commercial deployment necessitate a cautious approach. Investors should evaluate the potential return on investment against the risks and time frame of Lilium's entry into the market. Furthermore, partnerships with established industry players such as Garmin could potentially open doors to additional strategic collaborations, which might be a factor in future valuations.
- Standby flight instruments supplied by Garmin represent a key safety feature of the Lilium Jet and will provide fully redundant flight instrumentation
- First units have been delivered to Lilium to be integrated in the first Lilium Jets and the Lilium Jet flight simulator for pilot training
MUNICH, Germany, April 02, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced today that it has received the first set of standby flight instruments from Garmin®, a leading provider of avionics solutions. The deliveries, which follow the multi-year supplier contract signed by Lilium and Garmin in 2023, will be integrated into the first Lilium Jets being produced and the Lilium Jet flight simulator, used for pilot training.
In aviation parlance, standby instrumentation is intended to serve as a backup display in case of a failure of the primary cockpit instrumentation. As such, the component supplied by Garmin represents a key safety feature of the Lilium Jet and will provide an additional layer of protection for crew and passengers. This redundancy will help pave the Lilium Jet’s path to dual type-certification by the FAA and EASA.
Garmin is a leading provider of avionics solutions for general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, and has several decades of experience in meeting the highest aviation certification standards. The standby flight instrument supplied by Garmin, which is already in use on thousands of certified aircraft, will be integrated into the Lilium Jet’s cockpit and will interface with the jet’s flight control computer, providing inertial sensor data (e.g. attitude, acceleration, etc.) and additional key outputs to the flight control system, as well as serving as a modern, touchscreen flight display that works independently of the primary avionics system.
Martin Schuebel, Lilium Senior Vice President Procurement said: “Our decision to collaborate with Garmin on this critical system followed an extensive evaluation process and we are delighted with the great progress. These first deliveries confirm once again our strategy of working with tier one aerospace companies with proven experience in delivering products certified to the highest standards of aviation safety.”
Carl Wolf, Garmin Vice President of Aviation Sales and Marketing said: “We are proud to be part of an outstanding team supporting certification and entry into service of the Lilium Jet. Garmin is committed to innovation, and we are excited to supply our standby flight instrument solution that will add extraordinary capability to the Lilium Jet cockpit.”
Lilium began assembly of the first Lilium Jet at its manufacturing and testing facilities near Munich at the end of 2023. The first piloted flight test of the Lilium Jet is targeted to occur in late 2024.
Lilium Contact information for media:
Meredith Bell
Vice President, External Communications
press@lilium.com
Lilium Contact information for investors:
Rama Bondada
Vice President, Investor Relations
investors@lilium.com
About Lilium
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia, Lilium’s 950+ strong team includes approximately 500 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit www.lilium.com.
About Garmin International, Inc
Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world’s first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention.
Lilium Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements regarding (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model; (ii) the markets and industry in which the Lilium Group operates or intends to operate; (iii) the Lilium Group’s collaboration with Garmin, as described herein; (iv) the Lilium Group’s progress towards type certification (and type certificate validation) of its Lilium Jet with EASA and the FAA; and (v) the Lilium Group’s progress in producing its Lilium Jet. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this press release include those risks and uncertainties discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and Lilium assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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