What Happened
US Aerospace Manufacturing Gets Boost with Non-Dilutive Funding
BETA Technologies and the Export-Import Bank of the United States (EXIM) have announced plans to expand their existing financing relationship to provide up to $1 billion in non-dilutive funding. The proposed financing will support expanded domestic manufacturing capacity, increased vertical integration, and higher production of electric propulsion systems for commercial and defense customers. This investment is expected to approximately double manufacturing throughput over the next several years and create hundreds of skilled aerospace and advanced manufacturing jobs in the United States. The announcement was first reported by Unknown Source.