Columbus Circle Capital Corp II Announces Elroy Air Was Awarded an Up to $46M Contract with U.S. Army
Elroy Air has been awarded a firm-fixed-price contract worth up to $46 million by the U.S. Army for developing an autonomous hybrid-electric VTOL drone, Chaparral, designed for heavy cargo delivery. The company is preparing to go public through a merger with Columbus Circle Capital Corp II, expected to close in Q4 2026, with an enterprise valuation…