Elroy Air boosts PIPE commitments to $175M, Lockheed Martin Ventures joins

* Elroy Air has upsize [https://seekingalpha.com/pr/20662678-elroy-air-announces-upsizing-of-pipe-investments-to-175-million-with-participation-from]d its previously disclosed PIPE commitments to $175M, with $75M already funded ahead of the closing of its business combination with Inflection Point Acquisition Corp. VII (IPXG [https://seekingalpha.com/symbol/IPXG]). * Existing investors, including Lockheed Martin Ventures and Inflection Point Acquisition Corp. VII (IPXG [https://seekingalpha.com/symbol/IPXG]), participated in the expanded PIPE financing. * Elroy Air recently secured a multi-year U.S. Army contract worth up to $46M, adding to its existing government contracts.