BETA Technologies Surges 8% on $1 Billion Eve Air Mobility Supply Deal

BETA Technologies' shares surged 8% after announcing a $1 billion supply deal with Eve Air Mobility over the next 10 years. The contract includes electric pusher motors for Eve's test aircraft and production models. This deal builds credibility for future demand in the flying-taxi business, which has not yet generated steady revenue. Investors are optimistic ahead of BETA's earnings report on Dec. 4, fueled by a $300 million investment from GE Aerospace and positive analyst coverage from Morgan Stanley and Goldman Sachs.