Eve announces a Letter of Intent (LOI) for up to 150 eVTOLs from partnership between Embraer and BAE Systems

Eve Holding, Inc. announced today at the Farnborough Airshow a non-binding Letter of Intent (“LOI”) with Embraer and BAE Systems to explore the potential order of up to 150 electric vertical take-off and landing (eVTOL) vehicles with the aim of examining the aircraft application for the defence and security market.  In a separate announcement, BAE Systems and Embraer signed a Memorandum of Understanding (“MoU”) at Farnborough International Airshow to potentially form a joint venture to collaboratively develop an innovative defence eVTOL variant using Eve’s platform.

In December 2021, Embraer and BAE Systems disclosed plans to collaborate on developing Eve’s eVTOL as a potential defence variant. This agreement reinforces the trust of the leading aerospace organisations in Eve’s vehicle and its adaptability for purposes other than urban air mobility.

The potential order will be added to Eve’s current backlog of 1,910 eVTOLS, the largest within the Advanced Air Mobility (AAM) industry.