Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Lilium Begins Construction of Certification Test Facility for the Lilium Jet with SEGULA Technologies

Author: Benzinga Newsdesk | May 16, 2024 07:38am

Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing ("eVTOL") jet and global pioneer in Regional Air Mobility (RAM), today announced it has started construction of an advanced test facility for integration and certification testing of the Lilium Jet. Designed in partnership with global engineering group SEGULA Technologies and located at Lilium's headquarters near Munich, Germany, the state-of-the-art facility is due to become operational in late Summer 2024.

The test site will house a complete, fully integrated aircraft and be used for testing of the Lilium Jet's avionics, flight controls, propulsion system and electrical power system. As part of the Lilium Jet's certification campaign, the facility will be used to simulate flights and verify the performance of the aircraft through multiple flight profiles.

Posted In: LILM