Long Beach, CA /12 February 2024 – Mayman Aerospace, US-based manufacturer of the RAZOR family of autonomous VTOL platforms, and Savback Helicopters, the independent helicopter and fixed-wing sales specialist, proudly announce the signing of a Letter of Intent (LOI) for the procurement of 300 AI-ready RAZOR P100 aircraft. Building upon a 2022 LOI for 25 RAZOR aircraft, this strategic agreement focuses on the latest attritable P100 model, marking a significant leap forward in their partnership.
Mayman Aerospace is strategically adapting the RAZOR family of unmanned aerial systems to seamlessly integrate with a wide range of battlefield management systems. The P100 model will be equipped for autonomous operation in a networked battlespace, achieve speeds approaching Mach 0.75, and carry a payload of 100lb. The RAZOR family of VTOL aircraft will expand to include P400 (400lb payload) and P1000 (1000lb payload) variants.
With a value exceeding US$120 million, the LOI outlines Savback Helicopters’ plan to begin receiving its initial RAZORs around Q4 2025, with deliveries continuing through Q2 2027. Recognizing RAZOR’s exceptional maneuverability, high-speed capabilities, and substantial payload capacity, Michael Savback, Chairman of Savback Helicopters, said: “RAZOR is an outstandingly versatile machine, and we are proud to announce this expanded agreement with Mayman Aerospace. With its advanced VTOL technology, we are confident that RAZOR will meet European defense operators’ complex mission requirements.”
This agreement further solidifies the existing collaboration between the two innovative companies. Savback Helicopters was appointed as the exclusive marketing and sales representative for the RAZOR in the Nordic countries in June 2022, and this expanded LOI reflects its growing confidence in the aircraft.
Mayman Aerospace’s CEO and founder, David Mayman comments on the RAZOR platform’s potential in defense applications: “This LOI with Savback Helicopters demonstrates the RAZOR platform’s real-world military market demand. We are delivering an aircraft ready for integration into the next-generation AI-managed battlefield. The RAZOR system delivers essential value for defense applications through its ease of deployment, reduced operational cost and extensive capabilities. We are excited to be working under contract with the US Department of Defense to further develop and certify the RAZOR range of aircraft and anticipate high-speed RAZOR P100 testing in Q3 2024.”
The jet-powered RAZOR, based on scalable technology, takes off and lands vertically, and is capable of moving heavy payloads at very high speeds. It is fully reusable and outpaces electric drones and eVTOLs while being faster, more compact, and more cost-effective than traditional helicopters.
About Mayman Aerospace
Mayman Aerospace is a venture-backed defense aerospace technology company leading the development of advanced autonomous, heavy lift, high-speed vertical take-off and landing (VTOL) aircraft powered by artificial intelligence to combine unprecedented capabilities with exceptional reliability. Through innovative engineering and a commitment to excellence, RAZOR and SKYFIELD are redefining what’s possible in unmanned aviation technology. Mayman Aerospace is headquartered in Long Beach, California. Follow Mayman Aerospace on LinkedIn, Youtube, and visit maymanaerospace.com.