What Happened
Aerospace Company Secures Additional Funding For Manufacturing Growth
BETA Technologies, Inc. and the Export-Import Bank of the United States have announced their intention to expand their existing financing relationship, with a proposed expansion of up to $1 billion. The funding will support BETA’s manufacturing growth in the US, including the expansion of its aircraft production facility in South Burlington, Vermont. BETA plans to use the proceeds to double its manufacturing throughput capacity and add strategic manufacturing processes, as reported by Vermont Business Magazine.