LoPresti Chooses New Site In Florida

Gemini Sparkle

Key Takeaways:

  • LoPresti Fury announced it will move development and flight testing to Sebastian, Florida, by Q1 2009, with manufacturing planned for Belen, New Mexico, and first deliveries estimated for 2010.
  • The company has 60 pre-orders for the Fury at a special price of $275,000 for early depositors, with new copies to be sold for $355,000.
  • After completing the conforming prototype in approximately 18 months, LoPresti anticipates achieving a production rate of about 60 aircraft per year.
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Since getting its program underway to build the long-awaited LoPresti Fury a few years ago, the LoPresti company has been looking for just the right place to build a new facility. This Tuesday, at Sun ‘n Fun, CEO Curt LoPresti announced the company will move to the airport in Sebastian, Fla., by the first quarter of 2009. Development and flight testing will be done there, LoPresti said, and once the conforming prototype is completed — which should take about 18 months — manufacturing will be done at the company’s facility in Belen, New Mexico. First deliveries are estimated at 2010. The company will also maintain a presence in its current home in Vero Beach. LoPresti has orders in hand for 60 copies of the airplane, said R.J. Siegel, vice president of operations. Those were sold at a special price of $275,000 to pilots who had placed deposits for an earlier version of the Fury that never came to pass. Once those orders are fulfilled, new copies will be sold for $355,000.

Once the manufacturing process is up and running, he expects to be able to produce about 60 airplanes per year.

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