Eve announces a letter of intent (loi) for up to 150 evtols from partnership between embraer and bae systems

Farnborough, united kingdom , july 19, 2022 /prnewswire/ -- eve holding, inc. ("eve") (nyse: evex; evexw) announced today at the farnborough airshow a non-binding letter of intent ("loi") with embraer and bae systems to explore the potential order of up to 150 electric vertical take-off and landing (evtol) vehicles with the aim of examining the aircraft application for the defence and security market.  in a separate announcement, bae systems and embraer signed a memorandum of understanding ("mou") at farnborough international airshow to potentially form a joint venture to collaboratively develop an innovative defence evtol variant using eve's platform.
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