Airtificial Aerospace & Defense has signed a global contract with PAL-V to manufacture different composite parts for its flying car
The company Airtificial has increased its contacts in strategic areas based on its partnership philosophy, which implies the creation of a relationship of joint growth and open exchange of strategic information between both parties.
This contract consists of the serial production of four different packages, which are: fuel tank, body parts, propellers and rotor. Airtificial has led the optimization of the final design, the proposal of the manufacturing process, the development of the necessary tools, the industrialization, the production and the final validation of the different pieces.
Serial production is estimated to begin in 2023, with significant growth of 30, 60 and 90 aircraft in the years 2023, 2024 and 2025, respectively. This will mean an estimated turnover for Airtificial of 4.7 million euros in the 2021-2025 period and 2.2 million euros per year from 2026.
This contract is the result of the collaborative work started in 2019 with the signing of a collaboration agreement for the joint development of manufacturing engineering activities and which currently results in the award of 4 work packages, with the prospect of adding some more in the next few months.