# Astro Aerospace to acquire Horizon Aircraft

Astro Aerospace announced a binding agreement to acquire Horizon Aircraft Inc., creator of the Cavorite X5 eVTOL. The transaction is expected to close by the beginning of Q2 2021.

- Type: Acquisition
- Announced: 2021-02-18
- Status: announced
- Products: eVTOL aerial vehicles, drones, Cavorite X5
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Astro Aerospace](https://endata.com/companies/53323.md) (acquirer)
- [Horizon Aircraft Inc.](https://endata.com/companies/53324.md) (target)

## Sources

- [airframer.com](https://www.airframer.com/news/release/77845), 2021-02-18: "Astro Aerospace, a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has entered a binding agreement to acquire Horizon Aircraft Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.