Published • loading... • Updated
Aircraft Startup Electra to Invest $850 Million to Build Ohio Factory
The plant will support production of up to 400 aircraft a year as Electra moves the nine-seat EL9 toward commercial deliveries.
- On Tuesday, Virginia-based aerospace company Electra announced an $850 million investment to build a 96-acre production facility at Springfield's AirPark Ohio, creating 1,975 jobs over the next decade.
- Electra selected Springfield after a year-long competitive process evaluating over 140 potential locations, seeking to scale production of the EL9 Ultra Short to meet demand from a pre-order book valued at close to $9 billion.
- The nine-passenger EL9 uses hybrid-electric blown-lift technology to take off and land in 150 feet, positioning it to serve regional trips between 50 and 250 miles, according to Electra CEO Marc Allen.
- Construction begins next year, with Electra planning to move into the facility by 2028 and produce 400 aircraft annually initially, eventually doubling capacity to 800 aircraft per year.
- Service entry for the EL9 is pencilled in for around 2029 or 2030, though Electra is currently working to win FAA certification with a first flight expected in late 2027 or early 2028.
Insights by Ground AI
16 Articles
16 Articles
Electra selects Ohio for EL9 aircraft production site
Electra has announced that it is investing $850 million to build its EL9 nine-seater hybrid-electric aircraft production facility in Springfield, Ohio. The announcement was made on July 21, 2026, during Farnborough International Airshow, at an event attended by Ohio Governor Mike DeWine and Electra’s Chief Executive Officer (CEO), Marc Allen. This new greenfield manufacturing facility will be located at AirPark Ohio, adjacent to Springfield-B…
Coverage Details
Total News Sources16
Leaning Left2Leaning Right0Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
L 18%
C 82%
Factuality
To view factuality data please Upgrade to Premium
