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Electra Unveils Turbo-Electric Aircraft Concept for Next-Generation Airliner as Part of NASA AACES 2050 Program

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Concept pairs a double-bubble lifting fuselage and electric tail fans to explore competitive gains for aircraft with 100+ passengers

MANASSAS, Va., June 8, 2026 /PRNewswire/ — Electra, the global leader in hybrid-electric aviation, today unveiled a new conceptual aircraft design for next-generation airliners developed as part of NASA’s Advanced Aircraft Concepts for Environmental Sustainability (AACES) 2050 program. The study explores how targeted electrification, advanced aerodynamics, and integrated airframe-propulsion design can transform the efficiency and competitiveness of aircraft with 100+ passengers by mid-century.

Electra’s work is rooted in the company’s view that aviation is entering a third era of flight, one defined by the ability to use new electric propulsion technologies to unlock transformative, yet achievable aircraft architectures. In Electra’s nine-passenger EL9, that approach enables ultra-short takeoff and landing and a new model of Direct Aviation. In the AACES 2050 concept, it enables a future airliner configuration designed to improve efficiency while remaining compatible with real-world airline and airport operations.

The conceptual aircraft uses a wide “double-bubble” fuselage that allows the body of the aircraft to contribute more lift, while two underwing turbofan engines produce thrust as well as electricity to power electric tail fans that ingest and re-energize slower-moving air over the fuselage, a technique known as boundary layer ingestion. Electra’s analysis found that the configuration could deliver up to a 17 percent efficiency improvement beyond gains expected by 2050 from advanced structures, engine technologies, and aerodynamic improvements.

“The value of electrification in this concept is that it lets us put the propulsion where it couldn’t go before but does the most good,” said Dr. Parker Vascik, Director of Product Strategy at Electra. “We can radically improve how the airframe and propulsion system work together while keeping the aircraft grounded in real airline and airport operations. The goal is not just efficiency on paper, but concepts that we can actually build, certify, and use.”

Electra’s concept is designed to fit within existing airport gates and airline operations, use standard jet fuel or sustainable aviation fuel, and avoid reliance on airport charging infrastructure or untested fuel types. The configuration also supports a twin-aisle cabin layout within a narrowbody aircraft class, unlocking improved passenger comfort and more efficient boarding and deplaning.

The work was led by Dr. Alejandra Uranga, Electra’s Chief Engineer for Research and Future Concepts. Dr. Uranga previously co-led NASA-sponsored research at MIT that helped advance the original double-bubble aircraft concept and D8 aircraft design. Electra’s AACES 2050 work revisits that architecture with new capabilities enabled by electrification and distributed propulsion.

“This concept builds on years of research into how airframe shape and propulsion placement can work together to improve aircraft efficiency,” said Dr. Uranga. “What is different now is the ability to use electrification and distributed propulsion to more deeply integrate those systems. Designing the aircraft as a whole system is essential to realizing the full potential of future commercial aircraft.”

In addition to the concept, Electra developed 11 technical papers documenting the models, methods, and findings behind the study. The company also adopted NASA’s open-source Aviary multidisciplinary design and optimization tool and developed an electrified aircraft design suite intended for public use. Together, these contributions are intended to help advance the broader aviation research community, not just push forward a single aircraft concept.

Electra’s AACES 2050 team brought together leaders across industry and academia, including American Airlines, Honeywell Aerospace, Lockheed Martin Skunk Works, Hinetics, the Massachusetts Institute of Technology Department of Aeronautics and Astronautics, the University of Michigan Department of Aerospace Engineering, and the University of California, Irvine’s Aircraft Systems Laboratory. 

“Through AACES, NASA is pushing the industry to think boldly, to use our novel propulsion technologies to unconstrain design thinking for the next generation of commercial aviation,” said Marc Allen, CEO of Electra. “The third era of aviation will bring radical change to how people and places connect, whether applied to aircraft entering service this decade, future regional platforms, or commercial transport by mid-century. Electra’s focus as the hybrid electric leader is to keep American aviation, and NASA, leading the way.”

The AACES 2050 program is designed to examine aircraft concepts and technologies that could help shape commercial aviation in the 2040s, 2050s, and beyond. Electra’s concept adds a near-term electrification pathway to that broader portfolio of aircraft studies, complementing other approaches focused on advanced propulsion, new fuels, and next-generation aircraft architectures.

“Electra’s aircraft concept gives American industry a chance to lead now by combining decades of research in lifting-fuselage design with breakthrough electric propulsion,” says Dr. Vascik. “Yet industry will not bring this concept to maturity by 2050 on its own. That will require a NASA-accelerated technology initiative — in a double-bubble X-plane, multi-megawatt integrated generator, and kilovolt-class power distribution — to bring these capabilities to maturity by 2035 and position industry to carry them into service by 2050.”

About Electra
Electra.aero, Inc. (Electra) is an advanced air mobility (AAM) company building hybrid-electric Ultra Short airplanes that deliver unprecedented performance advantages to fly people and cargo seamlessly without airports, emissions, or noise. With the EL9 Ultra Short, Electra is pioneering Direct Aviation, the next level of connectivity that brings air travel closer to where we live, work, and play. Electra’s Ultra Short technology delivers 2.5x the payload and 10x longer range with 70% lower operating costs than helicopters and eVTOLs with significantly greater safety and far less certification risk. 

Electra’s team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, with over 40 prior aircraft successfully developed and/or certified. Lockheed Martin Ventures, Honeywell, and Safran are among Electra’s strategic investors along with Prysm Capital, the Virginia Innovation Partnership Corporation (VIPC), and other private investors. Electra’s contracted customers include the U.S. Air Force, the U.S. Army, the U.S. Navy, and NASA along with over 2,200 letters of intent from 60+ commercial customers, including both airlines and helicopter operators.

Media Contact:
Media@electra.aero

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SOURCE Electra.aero

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Cousins Properties Releases Second Quarter 2026 Results

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ATLANTA, July 30, 2026 /PRNewswire/ — Cousins Properties (NYSE: CUZ) has released its second quarter 2026 results. Please visit the Investors section of Cousins’ website at www.cousins.com to access the Earnings Release and Supplemental Information.

Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, July 31, 2026 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven days at (888) 660-6345, passcode 33580#.

A webcast of the conference call can be accessed on Cousins’ website through the “Cousins Properties Second Quarter Conference Call” link in the Investors section.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousins.com.

CONTACT:
Roni Imbeaux
Senior Vice President, Finance and Investor Relations
Cousins Properties
404-407-1104
rimbeaux@cousins.com

View original content:https://www.prnewswire.com/news-releases/cousins-properties-releases-second-quarter-2026-results-302839400.html

SOURCE Cousins Properties

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HARVARD DCE DEAN NANCY COLEMAN RECEIVES UPCEA’S HIGHEST HONOR FOR ONLINE LEARNING LEADERSHIP

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Coleman Named 2026 Ray Schroeder Leadership Award Recipient at SOLAR Conference in Boston

BOSTON, July 30, 2026 /PRNewswire/ — Nancy Coleman, Dean of Harvard’s Division of Continuing Education (DCE), today received the 2026 UPCEA Ray Schroeder Leadership Award for the Advancement of Digital Learning at the SOLAR conference, held at the Westin Seaport Hotel in Boston. The award, presented annually by UPCEA, the leading association for professional, continuing, and online education, recognizes exemplary leadership in advancing digital and online learning.

Coleman was appointed Dean of DCE in 2020, becoming the first woman to serve in the role. She leads an institution whose engagement with distance and online learning spans more than six decades, from the first extension course broadcast on television in 1956 to the launch of Polaris University in 1960 that delivered coursework to Navy submarine crews, in-house hybrid learning technology that improved student persistence rates by four percent and was credited with enabling DCE to navigate the COVID-19 pandemic without emergency adaptation.

“I’m thrilled to share this award with the Harvard DCE staff who make it possible, and with the students whose lives have changed through online education,” said Coleman. “The tools keep changing — television, submarines, the internet, now AI-driven classrooms — but the mission hasn’t: real rigor, real access, real outcomes.”

Under Coleman’s leadership, DCE serves more than 25,000 learners annually from over 120 countries, in programs spanning from the Extension School, Harvard Summer School, to Crimson Summer Academy, which has served high-achieving students from Cambridge, Somerville, and Boston public schools for 40 years, with 99.8 percent of graduates enrolling in a four-year college since the program’s inception, to retirement learning through the Harvard Institute for Learning in Retirement. Professional and executive development programs designed in partnership with employers saw 74 percent of 2026 clients return for additional engagements.

Coleman is also the author of a recent book chapter, “Yes, That Harvard,” tracing the history and future direction of DCE and its role in shaping continuing education nationally.

About the Ray Schroeder Leadership Award

The UPCEA Ray Schroeder Leadership Award for the Advancement of Digital Learning recognizes leaders who have made significant contributions to the advancement of digital and online learning through sustained commitment to quality, access, and innovation. The award is presented annually by UPCEA at its SOLAR conference.

About Harvard’s Division of Continuing Education

Founded in 1910, Harvard’s Division of Continuing Education offers more than 900 open-enrollment courses and programs annually, serving learners from age 16 to well past 90. DCE encompasses Harvard Extension School, Harvard Summer School, Harvard Professional and Executive Development, the Crimson Summer Academy, and the Harvard Institute for Learning in Retirement. As one of Harvard’s twelve degree-granting schools, DCE operates on an ‘earn your way in’ admissions model, prioritizing demonstrated academic ability. More information is available at extension.harvard.edu.

Media contact: Trent Spiner, (917-502-8079), tspiner@gmail.com

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SOURCE Harvard University Division of Continuing Education

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37th Parallel Properties Expands Dallas-Fort Worth Footprint with Off-Market Acquisition of 222-Unit Woodbridge Villas

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RICHMOND, Va., July 30, 2026 /PRNewswire/ — 37th Parallel Properties (“37th Parallel”), a multifamily real estate investment firm, today announced the acquisition of Woodbridge Villas, a 222-unit, 2002-built community in Sachse, Texas. The off-market acquisition is the firm’s latest investment in the Dallas-Fort Worth metro and expands its institutional-quality portfolio across the South and Southeast.

“Woodbridge Villas is the type of asset and submarket we have consistently pursued throughout our history,” said Dan Chamberlain, Managing Partner. “Sachse is an affluent, supply-constrained pocket of northeast Dallas with a median household income of approximately $117,000, top-rated schools, and a crime rate roughly half the Texas average. Those characteristics drive long-term, family-oriented demand. Submarket homeownership costs drive a durable rent-versus-own affordability buffer, which also supports occupancy and pricing power.”

The submarket benefits from a near-zero forward supply pipeline, with only one project under construction and none currently proposed within a seven-mile radius of the property. Limited entitled land, adjacency to established single-family neighborhoods, and political resistance to density collectively raise the barriers to new development, supporting steady occupancy and sustained rent growth.

Situated on 10.5 acres, Woodbridge Villas features a mix of one-, two-, and three-bedroom units averaging 875 square feet across 11 residential buildings. Apartment and community amenities include nine-foot ceilings, private patios and balconies, attached and direct-access garages, a resort-style swimming pool, fitness center, clubhouse, business center, outdoor grilling and lounge areas, and a pet park.

Darci Poole, Transaction Manager, said, “Woodbridge Villas brings together the elements we prioritize most: an institutional-quality, low-density asset in a desirable suburban submarket with strong demographics and a constrained supply backdrop. Sourcing the transaction on an off-market basis allowed us to purchase below appraisal, comps, and replacement costs, all with conservative underwriting assumptions. “The acquisition is supported by low-leverage, Freddie Mac financing arranged by Cutt Ableson and Patrick Hickey at Berkadia. Structured at a fixed rate with a full-term interest-only period, the capitalization is designed to enhance current cash flow, limit refinance risk, and provide downside protection across a range of interest-rate and macroeconomic scenarios. The property will be managed on site by RPM Living, a top-five U.S. property management company.

Woodbridge Villas represents the final investment from 37th Parallel’s second fund, 37P – Fund II, an income and equity growth vehicle that employs a similar strategy as Fund I, targeting value-add and core-plus multifamily real estate in growth markets across the Southeast and Texas. With this acquisition, Fund II now holds diversified investments in Charlotte, Austin, Atlanta, and Dallas.

“In an environment where capital discipline and market selection matter more than ever, Woodbridge Villas reflects our continued focus on acquiring institutional-grade, well-located assets in growth submarkets with durable demand and limited supply,” said Chad Doty, Managing Partner. “We look forward to delivering an attractive tax-advantaged investment to our investor family on this project.”

ABOUT 37th PARALLEL PROPERTIES

37th Parallel Properties is a multifamily investment firm focused on owning and operating institutional-quality multifamily communities in the South and Southeast. Based in Richmond, VA, and founded in 2008, 37th Parallel has completed transactions totaling more than $1.2 billion in value, all while maintaining a 100% profitable track record for its family of high-net-worth, family office, and institutional investors.

To learn more about 37th Parallel, visit www.37parallel.com.

MEDIA CONTACT
Kieran Donohue
Director, Client Communications
kdonohue@37parallel.com

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SOURCE 37th Parallel Properties

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