Civilian Aircrafts

Boeing

S

Public (NYSE: BA)

Boeing is one of the world's largest aerospace companies, spanning commercial airplanes, defense and space systems, and aftermarket services. After a deeply disrupted 2024, Boeing improved materially through 2025 and into 2026: it delivered 600 commercial aircraft in 2025, then opened 2026 with 143 commercial deliveries, $22.2B of Q1 revenue across all three segments, a record $695B total backlog, and a narrower core loss. The company completed the Spirit AeroSystems reacquisition in December 2025, and in May 2026 confirmed it had passed the FAA capstone review to lift 737 MAX output to 47 jets per month. Boeing remains one of the two central global commercial-jet manufacturers alongside Airbus, with its near-term trajectory hinging on the 737 ramp, 777X certification, and sustained progress on safety and quality reforms.

Airbus

S

Public (EPA: AIR)

Airbus is Europe's largest aerospace company, spanning commercial aircraft, helicopters, defence and space. In civil aviation it remains Boeing's only true peer at global scale and is pairing near-term production growth with longer-term work on lower-carbon aircraft technologies, future single-aisle designs and hydrogen propulsion. The company combines a mature global airliner business with broader aerospace capabilities across defence, space and rotorcraft. Q1 2026 was unusually weak — 114 deliveries (vs. 136 a year earlier), revenue down 7% to EUR 12.65B and adjusted EBIT halved to EUR 300M due to Pratt & Whitney engine shortages and Chinese delivery disruptions — but Airbus reaffirmed full-year 2026 guidance of ~870 deliveries, EUR 7.5B adjusted EBIT and EUR 4.5B free cash flow, with a record commercial backlog above 9,000 aircraft.

Joby Aviation

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Public (NYSE: JOBY)

Joby Aviation is a California-based transportation company developing a piloted, all-electric air taxi for commercial passenger service. The company completed FAA Stage 4 certification in late March 2026 and is now in Stage 5 (Type Inspection Authorization), the final gate before U.S. commercial type certification, which analysts expect in late 2026. Joby demonstrated the first-ever eVTOL point-to-point flight from JFK Airport to Manhattan in April 2026, a Dubai vertiport network is ready for service, and the company ended Q1 2026 with $2.5B in cash. Joby expects to carry its first paying passengers in the UAE and through the White House-backed eIPP program in the U.S. in 2026.

COMAC

A

State-Owned Enterprise

COMAC (Commercial Aircraft Corporation of China) is China's state-owned commercial aircraft manufacturer and the core vehicle for the country's indigenous airliner program. Its current aircraft family spans the in-service C909 regional jet, the in-service C919 narrow-body, and the C929 wide-body now in detailed design. COMAC has moved beyond a symbolic national program into real airline operations, customer support, and early export expansion in Southeast Asia — including Air Cambodia's headline 10+10 C909 commitment in 2025 — making it China's first credible attempt to build a full commercial-aircraft OEM, even as 2026 deliveries continue to lag ambitious airline expectations.

Hermeus

A

Private

Hermeus is a defense aviation company focused on rapidly designing, building, and flight-testing high-Mach and hypersonic aircraft for national-security missions. Its Quarterhorse program is progressing through a series of unmanned demonstrators to unlock high-speed flight — Mk 2.1 reached Mach 1.21 on May 26, 2026 in its third flight from Spaceport America, becoming the first privately-developed unmanned supersonic jet — and the Chimera engine architecture underpins Darkhorse, the reusable hypersonic UAS Hermeus aims to field for defense customers. The company is now backed by a $1B post-money valuation, a $350M Series C closed in April 2026, and a Defense Innovation Unit contract scaled to a $219M ceiling in late May 2026 to demonstrate high-Mach flight and high-speed payload release at speeds up to Mach 3. In a May 2026 leadership transition effective June 1, 2026, president Zach Shore became CEO while co-founder AJ Piplica moved to executive chairman.

Archer Aviation

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Public (NYSE: ACHR)

Archer Aviation is an electric aircraft company building Midnight, a piloted four-passenger eVTOL for short urban trips, while expanding into defense and powertrain sales. As of Q1 2026 Archer had passed 700 Midnight test flights, completed 70% of for-credit FAA flight-test points, and formally closed FAA Phase 3 in April 2026 — the first eVTOL company to do so — unlocking Type Inspection Authorization (TIA) and entering Phase 4 (formal compliance testing). In the UAE, the GCAA transitioned Midnight to a Restricted Type Certificate (RTC) program on May 7, 2026, targeting initial commercial certification as early as Q3 2026 — meaning Abu Dhabi is likely to see the first Midnight passenger flights before the U.S. The critical remaining FAA milestone is a publicly demonstrated piloted transition flight (VTOL→forward-flight mode), which is slated for H2 2026. U.S. operations are targeted for H2 2026 in Florida, New York, and Texas under the eIPP. Archer is also the named official air taxi provider of the 2028 LA Olympics. The company ended Q1 2026 with $951M cash and $1.8B total liquidity.

Beta Technologies

A

Public (NYSE: BETA)

Beta Technologies is an electric aerospace company building the ALIA aircraft family, electric propulsion systems, charging infrastructure, batteries, and flight-critical systems for cargo, passenger, medical, and defense markets. Founded in 2017 by Kyle Clark, the company went public on the NYSE in November 2025 and uses a stepwise commercialization path centered on certifying its conventional ALIA CTOL aircraft first while scaling motor, charger, and engineering services. By Q1 2026, Beta had grown its aircraft backlog to 991 units worth $3.9 billion — including a new 100-aircraft Surf Air Mobility partnership — and had accumulated 139,000+ nautical miles of flight testing across a 123-site charging network. Beta was selected for seven of the eight U.S. eIPP launch programs, and U.S. Transportation Secretary Sean Duffy flew an ALIA at Vermont HQ in May 2026. Q1 2026 revenue was $10.1 million, with FY2026 guidance of $39–$43 million. H500A motor certification has slipped past H1 2026 due to an unresolved FAA 'continued rotation' test challenge, while CX300 type certification remains targeted for late 2026 or early 2027.

Boom Supersonic

B

Private

Boom Supersonic is building Overture, a 60-80 seat Mach 1.7 supersonic airliner aimed at restoring commercial supersonic travel on 600+ routes at business-class economics. After XB-1 became the first independently developed jet to fly supersonic in 2025, Boom pivoted in late 2025 to make the Symphony engine and its Superpower 42 MW industrial-gas-turbine derivative the near-term commercial focus — CEO Blake Scholl said in April 2026 that roughly 90% of company efforts are now on propulsion, with Symphony and Superpower sharing about 80% of hardware. Boom has nearly $1B in funding, a 130-aircraft Overture order book from American Airlines, United Airlines, and Japan Airlines, and a $1.25B+ launch backlog for Superpower with Crusoe, while its $50M Greensboro Overture Superfactory currently sits idle ahead of a December 31, 2026 lease-termination threshold tied to a 500-employee benchmark.

Heart Aerospace

B

Private

Heart Aerospace is developing the ES-30, a 30-seat clean-sheet hybrid-electric regional aircraft for short-haul routes from smaller airports. Founded in Sweden and now headquartered in El Segundo, California, the company is following an iterative development path built around the Heart X1 and X2 prototypes while bringing more of its batteries, actuation systems, software, and hybrid-electric hardware in-house. In late May 2026 the all-electric X1 demonstrator completed low-speed taxi testing at Plattsburgh International Airport in New York, advancing its ground-test campaign toward FAA special airworthiness certification and a first flight still targeted for 2026. Heart says it has raised $185M to date, secured 250 aircraft orders plus 120 options and purchase rights, and is targeting ES-30 type certification in 2029.