Arc Aerosystems Lands Saudi Backing for Multiple New Aircraft | Aviation International News

Finance, Taxes, Insurance

Arc Aerosystems Lands Saudi Backing for New Aircraft

The UK start-up is working on a jump takeoff gyroplane and a pair of eVTOL aircraft

Arc Aerosystems Linx P9 aircraft — The Linx P9 jump takeoff and zero-roll landing design is one of three new aircraft being developed by UK-based Arc Aerosystems.

By Charles Alcock • Managing Editor

June 21, 2024

Saudi Arabia’s National Industrial Development Centre and Ministry of Industry and Mineral Resources have pledged to back UK-based rotorcraft and eVTOL aircraft developer Arc Aerosystems with funding for development work and manufacturing facilities. At the Revolution Aero conference in London on Tuesday, Arc’s founder and CEO, Seyed Mohseni, pitched for bridge funding to keep the start-up functioning while the terms of the funding are finalized.

The basis for the partnership with the Saudi government is a newly founded joint venture called Life Shield, which will invest Rials 1.5 billion (about $400 million) to develop manufacturing capability and promote technology transfer in Saudi Arabia. The agreement signed on June 7 with Arc also covers joint involvement in low-volume manufacturing in the UK, as well as pilot training and potential partnerships with Cranfield University, where Arc is headquartered.

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