Columbus Circle Capital Corp II Announces Elroy Air Was Awarded an Up to $46M Contract with U.S. Army
Columbus Circle Capital Corp II announced that portfolio company Elroy Air was awarded an up to $46,058,871 firm-fixed-price contract by the U.S. Army to develop an autonomous hybrid-electric VTOL uncrewed aircraft system for modular multi-mission payload delivery. Work will be performed in California with an estimated completion date in 2029, and $5,135,354 in FY2026 defense-wide funds were obligated at award time.
Why it matters — This contract award for a portfolio company provides CMII investors with a notable development regarding the progress and prospects of its underlying investment.