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Elroy Air
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Elroy Air’s $46m Army award puts Chaparral on a 2029 military track ahead of planned Nasdaq listing
Elroy Air has secured a $46.06 million U.S. Army development contract for its autonomous hybrid-electric cargo aircraft as it prepares to go public through a SPAC transaction valuing the business at about $1 billion enterprise value.
August 23, 2026