Elroy Air expanded its PIPE commitments to $175 million ahead of its SPAC merger with Inflection Point Acquisition Corp. VII (IPXG). Lockheed Martin Ventures participated, and $75 million has already been funded. The company also highlighted recent milestones: a $46M U.S. Army contract, tripled Bristow delivery reservations (15 slots), and first autonomous flights under FAA eIPP.
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