LILM - Aerospace Stock Gets A Lift

2023-05-23 10:06:25 ET

This particular %Aerospace company is turning heads already on Tuesday morning after it was announced an agreement with Air-Dynamic SA, a Switzerland-based private jet and helicopter company. According to the release, the agreement includes deposit payments to Lilium for delivery of up to five Lilium Jets.

Naturally traders are excited about the news, as shares of Lilium N.V. (Nasdaq: ) are currently bid up at $1.24/share (+6.90%) at the time of writing. This move will be a strong continuation of the success this stock has had over the last month.

Lilium NV creates a sustainable and accessible mode of high-speed, regional transportation. Using the 7-Seater Lilium Jet, an electric vertical take-off and landing jet, offering leading capacity, low noise and high performance, it is building a transport network and service for people and goods.