Aerospace Company Abandons VTOL Aircraft, Focuses on Commercial Drone Business

XTI Aerospace has announced that it will put its TriFan 600 program on hold as part of a strategic shift towards commercial drones. The company, which acquired Drone Nerds in recent months, expects to generate at least $160 million in revenue in 2026 and improve cash performance. XTI’s focus on drones may benefit from the growing demand for aerial services and the expanding capabilities of its new acquisition, Drone Nerds.