XTI Aerospace, Inc., was incorporated in Nevada in April 1999. The company is a US-based aerospace company focused on building and expanding market-leading drone solution platforms serving enterprise, public safety, government and defense customers, while maintaining long-term optionality in advanced vertical lift development. The Company manages its operations through two reportable segments: Unmanned Aircraft Systems (" UAS ") and Commercial Aviation. Unmanned Aircraft Systems - a mature UAS solution and service platform, operated through its majority-owned subsidiary XTI Drones Holdings, LLC, providing enterprise drone distribution, training, compliance management support, repair and maintenance, fleet maintenance and related services, and commercial aviation - a development-stage VTOL aircraft program focused on the TriFan 600, This is a fixed-wing aircraft design concept designed to combine the vertical take-off and landing capabilities of helicopters with the speed and range of conventional commercial aircraft, operated through its wholly-owned subsidiary XTI Aircraft Company.
