Overview

• Kratos will start building production-intent Chaparral aircraft in 2026 in Sacramento and intends to transition high-rate work over time to Oklahoma City.
• The agreement outlines a ramp in 2027, when Elroy expects the first deliveries, as Kratos prepares capacity for higher-volume output.
• Elroy cites Kratos’ record producing composite unmanned aircraft for the U.S. military and says Kratos will invest capital to stand up Chaparral manufacturing.
• Chaparral is a hybrid-electric, autonomous VTOL designed to haul about 300 pounds over more than 300 miles using modular cargo pods and distributed electric propulsion.
• Elroy reports roughly 1,500 units in backlog and names Bristow, LCI Aviation, and FedEx as customers, while flight testing has advanced to transitions beyond 25 miles alongside FAA certification and defense airworthiness efforts, including a recent Japan GSDF campaign.