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Dallas, Texas (Newsfile Corp. - March 10, 2021) - Astro Aerospace (OTCQB: ASDN) ( Company or Astro ), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has appointed Patricia Trompeter, M&A and financial expert, to its Board of Directors. Ms. Trompeter will serve on the Audit Committees. This board appointment brings Astro s total board membership to 2 Board Members.
Ms. Trompeter brings more than 16 years of experience in mergers and acquisitions and over 15 years in financial management to Astro s Board. Ms. Trompeter held a variety of executive positions at GE Capital including CFO, Controller, Operations Leader, Quality Leader, and Mergers & Acquisitions. She was integral in GE Capital s successful acquisition of Guinness Peat Aviation, which contributes to the more than $17 Billion of acquisitions she has completed. Ms. Trompeter s experience at GE gave her a breadth of knowledge in the Aviation Indus
Electric Vertical Take-Off & Landing (eVTOL) Aircraft Market Expected To Exceed $200 Million By 2027
PALM BEACH, Fla., March 10, 2021 /PRNewswire/ Electric Vertical Take-off and Landing (eVTOL) is an electric or hybrid aircraft that can hover, take off, and land vertically. eVTOL, electric vertical takeoff and landing, is a type of aircraft that uses electrical propulsion to takeoff, hover, and land vertically. They are designed for urban air mobility, cargo deliveries, and Military Surveillance. The electric vertical takeoff and landing (eVTOL) aircraft is the next generation of autonomous electric aircraft that offers enhanced safety, comfort, and reduced noise. The eVTOL aircraft industry will be witnessing massive growth mainly because of the increase in the global urban population followed by the traffic congestion. According to the United Nations, in 2018, around 55% of the world s population lived in urban areas and is expected to increase to 68% by 2050. Therefore, demand