"Leidos is pleased to team with Elroy Air to bring this critical capability to the warfighter," said Tim Freeman, Leidos senior vice president and Airborne Systems business area manager. "Approval to proceed to test is a major milestone and is the result of months of hard work by the team. We look forward to demonstrating how the Leidos and Elroy Air MARV-EL solution will help deliver a logistics advantage to the Marines and other branches of the military."
Leidos and Elroy Air are slated to demonstrate Elroy Air's Chaparral system at the U.S. Army Yuma Proving Grounds (YPG), Yuma, Arizona. The Chaparral is a "lift-plus-cruise" hybrid-electric vertical take-off and landing (hVTOL) cargo aircraft. The Chaparral system leverages the benefits of wing-borne flight driven by electric propulsion and turbo-generation for efficient autonomous operations and longer-range missions. It is designed with an advanced carbon composite airframe and modular automated payload capabilities to help reduce the personnel required versus legacy aircraft and enable zero-touch logistics.
"We're excited to work with Leidos to provide these critical capabilities to U.S. and allied forces," said Elroy Air CEO and Co-founder Dave Merrill. "We've been designing Chaparral from the beginning to move cargo and resupply troops in the battlespace without putting crews in harm's way. We look forward to demonstrating these capabilities and working towards serving the U.S. Marine Corps' goals for expeditionary logistics."
MARV-EL is a PMA-263 effort which is designed to provide commanders with a responsive capability to sustain Marine Corps Forces conducting expeditionary advanced base (EAB)and other distributed operations. MARV-EL, using autonomous operations, should be the 'middle-weight' unmanned logistics asset, providing combat sustainment to Marines when ground or manned aviation assets are unavailable due to threat, terrain, weather, or competing priorities.
About Leidos
Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 47,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. For more information, visit www.leidos.com.
About Elroy Air
Elroy Air is developing industry-first autonomous aircraft systems and cutting-edge software, revolutionizing the world of express shipping. Leveraging hybrid-electric and autonomous vehicle technologies, their vertical-takeoff-and-landing (VTOL) aircraft transcend traditional airport limitations, unlocking new frontiers in commercial air shipping, humanitarian aid, and military logistics. From agile, low-risk resupply for troops, to dynamic disaster response and firefighting support, to warehouse-to-warehouse express parcel transport, their technology reshapes logistics possibilities. With headquarters in South San Francisco and flight test operations in Byron California, Elroy Air is backed by premier venture capital firms including Catapult Ventures, Marlinspike Partners, Snowpoint Ventures, and Shield Capital. Strategic investment from industry giants like Lockheed Martin Ventures and support from visionary angel investors including early Uber executives drive the company's mission to provide same-day shipping to every person on the planet. For more information, visit elroyair.com.
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended December 29, 2023, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
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