Englewood, Colo.-based Aviation Technology Group announced last month it had selected Albuquerque, N.M., as the manufacturing site for the two-seat, Williams FJ33-powered Javelin. The selection followed the approval by the New Mexico Investment Council of a “significant investment” in ATG at a meeting on January 20. The state’s Private Equity Committee had earlier recommended the investment to the council.
American Utilicraft last month said it will spin off Utilicraft Aerospace Industries, a newly formed Nevada corporation, as part of an agreement with The Navajo Nation, which is investing $34 million in exchange for a 25-percent stake in the new company. The funds will be used for Phase I FAA certification for the FF-1080-300 freight feeder.
There are signs of life at Utilicraft Aerospace, which now trades on the stock market as symbol UITA on the Over The Counter Bulletin Board. Utilicraft also announced plans to build a new facility at Double Eagle II Airport in Albuquerque, N.M. Early last month the company signed a letter of intent for construction of a 55,000-sq-ft facility where it will build the twin-engine FF-1080-300ER.
A Senate amendment that called for severe fines, loss of license and aircraft confiscation for violating the flight restricted zone (FRZ) in the Washington air defense identification zone was stripped from the Department of Homeland Security appropriations bill last month.
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