LoPresti Chooses New Site In Florida

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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.