What Happened
Up to $1 Billion Deal to Fuel US Aerospace Manufacturing Growth
BETA Technologies and the Export-Import Bank of the United States have announced their intention to expand their existing financing relationship, providing BETA with up to $1 billion in net financing. The proposed expansion would support BETA’s manufacturing growth in the US, including the construction of its aircraft production facility in South Burlington, Vermont. BETA plans to use the proceeds to increase vertical integration, domestic capability, and expand propulsion production. This development was first reported by an unknown source.