SOUTH BURLINGTON, Vt., August 4 — BETA Technologies, Inc. (NYSE: BETA) (“BETA”), an aerospace and defense company, and the Export-Import Bank of the United States (“EXIM”) announced their intention to expand the parties’ existing financing relationship.
The proposed expansion would provide BETA with up to $1 billion in net financing, which includes approximately $830 million of incremental capital available through one or more tranches. This would extend the existing $170 million financing relationship that supported the construction of BETA’s aircraft production facility in South Burlington, Vermont. Upon completion, BETA expects to use the proceeds to support the next phase of its manufacturing growth in the United States, which could include:
- Expanding vertical integration and bringing additional strategic aerospace manufacturing processes in house;
- Increasing production capacity for electric propulsion systems and components sold to international customers and used on aircraft worldwide;
- Scaling BETA’s propulsion business beyond its current low-volume commercial shipments;
- Approximately doubling throughput across BETA’s manufacturing facilities over the next several years; and
- Supporting the creation of hundreds of technical, high-quality U.S. aerospace and advanced-manufacturing jobs.
“Through our 2025 IPO, BETA raised approximately $1.2 billion, and our relationship with EXIM Bank aims to provide an additional $1 billion of non-dilutive growth capital,” said Kyle Clark, founder and chief executive officer of BETA. “As we execute our stated long-term vision, this financing is intended to fund critical capital expenditures that will support vertically integrated domestic manufacturing. We will create high-paying, high-quality American jobs building products that are important to the national economy and our national security. Over the next several years, we intend to double the throughput of our facilities and add strategic manufacturing processes that will strengthen our internal supply chain, reindustrialize the American aerospace base and expand our ability to serve customers around the world.”
The contemplated agreement follows a series of strategic milestones over the past month that reflect BETA’s momentum and leadership across commercial and defense aviation:
- Unveiling the MV250, a hybrid-electric vertical takeoff and landing (VTOL) aircraft designed for contested logistics. The aircraft features a hybrid-electric propulsion system with a turbogenerator developed in collaboration with GE Aerospace and integrates Sikorsky’s MATRIX autonomy technology to support critical missions, including rapid resupply and casualty evacuation (CASEVAC);
- Partnering with GE Aerospace, NASA and Boeing on the world’s first high-altitude hybrid-electric flight;
- Launching America’s Consortium for Electric Skyways with Archer Aviation and Macquarie Capital, which aims to electrify up to 250 air taxi sites across major U.S. airports and metropolitan areas over the next decade;
- Completing the first operational flights of the U.S. Department of Transportation and Federal Aviation Administration’s eVTOL Integration Pilot Program (eIPP); and
- Striking a commercial agreement with Loganair to purchase five ALIA CTOL electric aircraft, with an option to purchase an additional five.
“BETA Technologies is advancing electric aviation through both aircraft production and its suite of enabling technologies,” said John Jovanovic, president and chairman of EXIM. “This innovative company has demonstrated its leadership through groundbreaking work with GE Aerospace, Boeing, NASA and Sikorsky, among others. As BETA scales, it will continue to move the sector forward and bring critical jobs and capabilities home to the U.S. This proposed EXIM financing underscores our conviction that BETA will lead this sector as it enters its next phase of commercialization.”
“John Jovanovic and his team have shown exceptional leadership,” said Chuck Davis, chair of the board of BETA. “The Export-Import Bank is doing exactly what it was intended to do. BETA has already completed successful missions in 14 countries safely and economically. We have the people, the facilities, the orders and the capital to accelerate mass production. Looking ahead, we are working in close partnership with the FAA as we continue to progress toward certification.”
Since the parties completed BETA’s initial EXIM financing of approximately $170 million, BETA’s commercial aircraft backlog has grown from approximately $1 billion to $3.9 billion, which reflects a balanced composition between BETA’s ALIA CTOL and ALIA VTOL. BETA has also added new revenue streams, including direct sales of flight controls and propulsion, and expanded its government business to include classified contracts, supported by a Facility Security Clearance at the Secret level. BETA is also shipping propulsion products at low volume to several customers and intends to scale that portion of its business to serve both aircraft manufacturers and operators in the U.S. and internationally.
BETA will release its financial and operating results for the second quarter of 2026 before the market opens on August 12, 2026. The company will also host a live webcast beginning at 8:30 a.m. ET to discuss the results. A live webcast and supporting materials can be accessed here.