Full Scale Prototype Progress
Eve's full-scale engineering prototype is undergoing several successful ground tests, preparing for its debut flight later this year. The prototype is being used to validate and improve previous models and set up rigs for different components.
Supplier Engagement and Component Readiness
There is significant progress with suppliers, who are producing parts for the series of five conforming prototypes. Components like the nose fuselage, lightning system, actuators, seats, and windshield are ready, with assembly expected to begin in the second half of 2025.
Preorder Backlog and Service Contracts
Eve's total preorder backlog remains at approximately 2,800 aircraft valued close to $14 billion. Additionally, Eve has secured contracts for its TechCare suite, potentially bringing in $1.6 billion in revenue, with 40% of the preorder book opting for these services.
Strong Liquidity Position
Eve ended the quarter with $288 million in cash and a total liquidity of $411 million, sufficient to sustain operations through 2026. The company is on track with its financial discipline and development efforts.