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NEWS RELEASES

In this section of BHA Newsroom, you'll find our news releases. The releases are listed in chronological order, to view more news releases select "Load More". If you are interested in receiving BHA news releases via email, select the "News Alerts" button to be directed to a subscription form.

November 27, 2024
NEW YORK, New York, November 27, 2024 – Blue Horizons Aerospace, LLC (BHA) is foregoing all November 2024 launch opportunities of Insight Research Mission 2 (IRM-2) due to anticipated winter conditions during the three-day launch attempt. While future launch opportunities are under review, the next possible earliest launch date is spring 2025. A winter weather system is expected to move through the West North Central region this week, moving northwest over BHA’s Launch Site 1. The decision to stand down was based on a substantial probability existing that one or more launch weather commit criteria—the criteria which must be met for a safe launch—would be violated on all three launch windows within the launch attempt due to below freezing temperatures, low cumulonimbus and nimbostratus clouds, and moderate precipitation and snows. The now scrubbed launch period, would have opened on November 29, and extended through December 1, with a single discrete launch opportunity each day. ABOUT BHA Founded in 2022 and headquartered in New York, New York, Blue Horizons Aerospace, LLC (BHA) is an aerospace company developing, innovating, and advancing today's technologies and systems to deliver tomorrow's capabilities. Currently, a leading innovator in amateur rocketry, BHA is dedicated to offering suborbital launch services to commercial customers by 2030. Our future launch services will enable commercial customers to test and validate supersonic vehicles and various advanced payloads. With a dedicated team across the United States, we are united by a shared passion for exploration and technological advancement.
September 23, 2024
NEW YORK, New York, September 23, 2024 – Blue Horizons Aerospace, LLC (BHA) is targeting Friday, November 29, 2024, for the opening of a three-day launch period for the first launch attempt of Insight Research Mission 2 (IRM-2). This integrated test of BHA’s advanced Block 2 configuration of the Insight Test Vehicle (ITV-2) marks the second of three missions under the Insight Program, focusing on validating advanced vehicle systems, including the Descent Airbrake Guidance System (DAGS). IRM-2 will launch from BHA Launch Site 1 in Moville, Iowa. BHA has set the launch period for IRM-2—the number of days in which the mission could launch—to commence on November 29 and extend through December 1, with a single discrete launch opportunity each day. The three daily launch windows will open at 9:00 a.m. CT and close at 4:00 p.m. Following the IRM-2 Flight Readiness Review, BHA managers will target and confirm a specific launch opportunity in the weeks prior to launch. For more information about the mission and the Insight Program, visit: https://www.bhalaunch.com/news ABOUT BHA Founded in 2022 and headquartered in New York, New York, Blue Horizons Aerospace, LLC (BHA) is an aerospace company developing, innovating, and advancing today's technologies and systems to deliver tomorrow's capabilities. Currently, a leading innovator in amateur rocketry, BHA is dedicated to offering suborbital launch services to commercial customers by 2030. Our future launch services will enable commercial customers to test and validate supersonic vehicles and various advanced payloads. With a dedicated team across the United States, we are united by a shared passion for exploration and technological advancement.
September 7, 2024
NEW YORK, New York, September 7, 2024 – Blue Horizons Aerospace, LLC (BHA) today announced that it has discontinued the Tenacity Program due to ongoing schedule challenges, broader program delays, and the program’s high-level objectives no longer aligning with BHA’s long-term plans of offering suborbital launch services by 2030. Additionally, Vehicle Flight Test 1 (VFT-1), the only mission scheduled for the Tenacity Program at the time of discontinuation, has been canceled. The Tenacity rocket—originally announced in 2022 as part of the now-canceled program—will re-enter its previously suspended development under a future initiative in 2025, entering a new conceptual design phase aligned with BHA’s strategic needs. This new initiative will directly support BHA’s efforts to offer suborbital launch services by 2030, following the successful completion of the current Insight Program. BHA plans to formally announce the new initiative in January 2025. ABOUT BHA Founded in 2022 and headquartered in New York, New York, Blue Horizons Aerospace, LLC (BHA) is an aerospace company developing, innovating, and advancing today's technologies and systems to deliver tomorrow's capabilities. Currently, a leading innovator in amateur rocketry, BHA is dedicated to offering suborbital launch services to commercial customers by 2030. Our future launch services will enable commercial customers to test and validate supersonic vehicles and various advanced payloads. With a dedicated team across the United States, we are united by a shared passion for exploration and technological advancement.
September 5, 2024
MINNEAPOLIS, Minnesota, September 5, 2024 – Blue Horizons Aerospace, LLC (BHA) has completed assembly of all vehicle segments and subsystems of the Insight Test Vehicle Block 2 (ITV-2). The ITV-2 is now beginning final processing milestones in advance of the launch, including vehicle integration—the final assembly and integration of the subsystems and assemblies into the rocket—and checkout. BHA is targeting mid-October 2024 for the inaugural launch of the ITV-2, defined as Insight Research Mission 2 (IRM-2), from BHA Launch Site 1 (LS-01) in Moville, Iowa. Earlier in August 2024, the ITV-2 passed critical milestones when it was authorized to advance through Key Decision Point-D (KDP-D) with the vehicle passing all the technical requirements and standards of the project. KDP-D represents the official transition from development to vehicle assembly, integration, and checkout operations leading to launch. Later this month, BHA managers and IRM-2 personnel will reconvene to review the progress of integration and the readiness of the vehicle for launch at the Flight Readiness Review (FRR). BHA will set the launch period—the days in mid-October when IRM-2 could launch—and the daily launch windows by the end of the month; managers will target a launch opportunity shortly thereafter. IRM-2 is the second mission under the Insight Program and the first of two back-to-back launches of the Block 2 and 2B configurations of the Insight Test Vehicle, respectively. Both new configurations of the Insight Test Vehicle will validate advanced vehicle systems, including the Descent Airbrake Guidance System (DAGS), BHA’s advanced aerodynamic deceleration system that allows for active guidance on descent. The second launch of the Block 2B configuration is planned for no earlier than December 2024. ABOUT BHA Founded in 2022 and headquartered in New York, New York, Blue Horizons Aerospace, LLC (BHA) is an aerospace company developing, innovating, and advancing today's technologies and systems to deliver tomorrow's capabilities. Currently, a leading innovator in amateur rocketry, BHA is dedicated to offering suborbital launch services to commercial customers by 2030. Our future launch services will enable commercial customers to test and validate supersonic vehicles and various advanced payloads. With a dedicated team across the United States, we are united by a shared passion for exploration and technological advancement.
August 24, 2024
NEW YORK, New York, August 24, 2024 – Blue Horizons Aerospace, LLC (BHA) today formally introduced definitive plans to offer suborbital launch services to commercial customers by 2030. BHA’s future launch services will enable commercial customers (including government agencies, national security communities, and defense and aerospace contractors) to test and validate advanced micro-scale payloads, vehicles, and platforms under supersonic conditions. “A substantial increase in demand has been observed for suborbital launch services in recent years from a growing number of commercial customers,” says Noah Caswell, Chairman and Chief Executive Officer at BHA. “Basic suborbital testbed capabilities are becoming a requirement for most in the aerospace industry. While a select number of larger aerospace contractors do currently offer comprehensive suborbital launch services, their pricing structures are often prohibitive and do not offer the basic services needed by the vast majority.” BHA is strategically positioned to offer suborbital launch services because of the advancements and technological progress achieved from sustained amateur rocketry operations. BHA’s launch services will be offered on a suborbital launch vehicle which in part will be derived from systems, hardware, and architecture developed under BHA’s amateur rocketry operations. Developing future vehicles with the capability of offering these services from legacy BHA hardware and architecture allows for a competitive and cost-effective solution for many customers. BHA’s amateur rocketry operations will continue over the coming years, providing critical support for the developments and advancements necessary to offer suborbital launch services in the next five to seven years. Continuing existing operations will ensure a seamless transition into offering dedicated launch services. BHA is planning the development of four to five test vehicles prior to the completion of a suborbital rocket. These efforts, including initiatives under our amateur rocketry operations, will progressively integrate new technologies and architecture, culminating in a validated suborbital launch vehicle. Further information and additional details regarding BHA’s suborbital launch service plans and strategic business objectives will be announced at the 2025 Annual Meeting of Unitholders. Additionally, BHA remains committed to offering investment opportunities that support our mission to deliver reliable and advanced suborbital launch services and continued growth and success of BHA. ABOUT BHA Founded in 2022 and headquartered in New York, New York, Blue Horizons Aerospace, LLC (BHA) is an aerospace company developing, innovating, and advancing today's technologies and systems to deliver tomorrow's capabilities. Currently, a leading innovator in amateur rocketry, BHA is dedicated to offering suborbital launch services to commercial customers by 2030. Our future launch services will enable commercial customers to test and validate supersonic vehicles and various advanced payloads. With a dedicated team across the United States, we are united by a shared passion for exploration and technological advancement. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release may contain statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the Securities Act of 1933, as amended (the “Securities Act”) and other applicable law. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide Blue Horizons Aerospace, LLC (“BHA”) management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid and are not statements of historical fact. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "goals," "objectives," "confident," "on track," "designed to" and other words of similar meaning. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, repurchases of securities, tax payments and rates, research and development spending, cost savings, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and BHA assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by the Securities Act or other applicable law.
August 9, 2024
NEW YORK, New York, August 9, 2024 – Blue Horizons Aerospace, LLC (BHA) announced today it closed an offering of 3,000 Class B Units at $1.78 per unit for an aggregate offering amount of $5,340.00. BHA used approximately $3,000 of the net proceeds from the offering to repay outstanding indebtedness, including borrowings in connection to development and operations under the Insight Program. BHA intends to use the remaining net proceeds from the offering to fund remaining development and operations of the Insight Program, including the development and integration of the Block 2 and 2B configurations of the Insight Test Vehicle, and operations of Insight Research Missions 2 and 3, as well as for general corporate purposes. In consideration of the unforeseen accelerated closing of the foregoing offering and continued demand for investment opportunities, BHA is commencing a supplemental private offering of 4,000 Class B Units (the “Units”) to accredited and otherwise qualified investors at a purchase price of $4.25 per Unit for an aggregate offering amount of $17,000.00 (the “Offering”). Unitholders of the securities are entitled to economic and voting rights, including full entitlements to allocations, distributions, and voting as specified in BHA’s Operating Agreement which can be accessed at bhalaunch.com/ir. The Units will be offered and only sold to (1) qualified investors with pre-existing affiliations to BHA, existing Class A or Class B Unitholders, and the Board of Directors, and (2) to other accredited investors pursuant to Rule 501 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) who have a pre-existing understanding of our business. The Offering will terminate upon the earlier of the date of which 4,000 Class B Units have been sold or January 31, 2025, unless terminated earlier. BHA intends to use the net proceeds from the Offering to (1) fund the development, design, fabrication, integration, operations, and flights of BHA’s Tenacity vehicle, and (2) acquire and sustain additional equipment, hardware, or systems required for the future program that will facilitate Tenacity’s operations and missions. BHA intends to use any remaining net proceeds for general corporate purposes, which may include working capital, capital expenditures, and other potential strategic transactions. Tenacity is the second rocket developed entirely in-house by BHA and represents the rocket that will implement and effectuate BHA’s second phase to offering suborbital launch services to paying commercial customers by 2030. Tenacity is tentatively scheduled for two or three missions under the future program to validate BHA’s technologies and systems for high-altitude operations within 40,000 to 60,000 feet above ground level. BHA is targeting no earlier than July 2025 for the first integrated test and inaugural launch of Tenacity. When available, prospective investors can obtain copies of the summary of principal terms relating to these securities by contacting investors@bhalaunch.com or corresponding with: ATTN Investor Relations, Blue Horizons Aerospace, LLC, 10 Barclay Street, 14H, New York, NY 10007-2711. The final terms of the offering are disclosed in the summary of principal terms. The Offering of the securities described herein have not been registered with the U.S. Securities and Exchange Commission or the securities commission of any state and will be issued in reliance upon an exemption from registration under the Securities Act. Restrictions on the transferability of the securities described herein are set forth in the Operating Agreement of BHA and are also subject to additional restrictions on transfer pursuant to the Securities Act. The purchase of securities involves a high degree of risk and should be considered only by persons who can bear the risk of the loss of their entire investment. In accordance Rule 503 under Regulation D of the Securities Act, BHA has timely filed all required notices and registrations with the Securities and Exchange Commission (“SEC”) and the applicable securities commissions of any states, including a Notice of Exempt Offering of Securities on Form D filed with the SEC on July 31, 2024, and available at www.sec.gov and www.bhalaunch.com/ir. This news release is neither an offer to sell nor a solicitation of an offer to buy and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Units or any other securities in any jurisdiction in which such offer, solicitation, or sale is unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. ABOUT BHA Founded in 2022 and headquartered in New York, New York, Blue Horizons Aerospace, LLC (BHA) is an aerospace company developing, innovating, and advancing today's technologies and systems to deliver tomorrow's capabilities. Currently, a leading innovator in amateur rocketry, BHA is dedicated to offering suborbital launch services to commercial customers by 2030. Our future launch services will enable commercial customers to test and validate supersonic vehicles and various advanced payloads. With a dedicated team across the United States, we are united by a shared passion for exploration and technological advancement. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release may contain statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the Securities Act of 1933, as amended (the “Securities Act”) and other applicable law. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide Blue Horizons Aerospace, LLC (“BHA”) management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid and are not statements of historical fact. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "goals," "objectives," "confident," "on track," "designed to" and other words of similar meaning. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, repurchases of securities, tax payments and rates, research and development spending, cost savings, other measures of financial performance, potential future plans, strategies or transactions, credit ratings and net indebtedness. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and BHA assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by the Securities Act or other applicable law.
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