SAN FRANCISCO, CA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Columbus Circle Capital Corp II (Nasdaq: CMII), a special purpose acquisition company led by the management team of Inflection Point Asset Management (“Inflection Point”) and Cohen & Company, Inc. (NYSE American: COHN), which will be renamed Inflection Point Acquisition Corp VII (“IPAC”) (Nasdaq: IPXG), today announced that Elroy Air has been awarded a $46,058,871 firm-fixed-price contract for the development of an autonomous hybrid-electric vertical take-off and landing (VTOL) uncrewed aircraft system for modular multi-mission payload delivery. Work will be performed in California, with an estimated completion date in 2029. Fiscal Year 2026 research, development, test and evaluation, defense-wide funds in the amount of $5,135,354 were obligated at the time of the award. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity (W911QX-26-C-A016).