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The Economic Times
The Economic Times

Aircraft startup Electra to invest $850 million to build Ohio factory

Hybrid-electric aircraft startup Electra said Tuesday it will invest $850 ​million to build a production ​facility to assemble its nine-passenger hybrid-electric aircraft in Springfield, Ohio.

The company, ​backed by Honeywell Aerospace, Safran and other major investors, said the move will help get the EL9 Ultra Short from development into significant commercial production and create 1,975 jobs.

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