Battered by continuing multimillion-dollar losses, electric vehicle manufacturer Workhorse has agreed to sell its aviation division assets to Moog for $4 million in a deal that could close next month. Ohio-based Workhorse fielded and flew one of the first hybrid eVTOLs, the two-seat SureFly, last year. Last November, Workhorse announced it signed a cooperative research and development agreement with the U.S. Department of Defense to test SureFly for specific military applications.

The hybrid SureFly is powered by a turbine generator with battery backup and has eight props driven by electric motors. It also has a whole-aircraft ballistic parachute for emergencies. In June 2018, Workhorse said it applied with the FAA to begin the certification process for the vehicle.

Workhorse also has developed the HorseFly unmanned UAS delivery vehicle that is deployed from package vans. Under the proposed purchase agreement with Moog, Workhorse would retain ownership of the HorseFly technology but the two companies would form a joint venture to further develop and deploy it. The HorseFly octocopter has an mtow of 30 pounds, a 10-pound payload capacity, and a top speed of 43 knots. Yesterday, Workhorse unveiled a new all-electric delivery van, the C1000, that is designed to work in concert with delivery drones, including HorseFly.