Wisconsin-based aviation engine developer Engineered Propulsion Systems (EPS) has filed for Chapter 11 bankruptcy. According to a petition submitted to the Western District of Wisconsin bankruptcy court on July 29, “there are currently no investors willing to continue to support the ongoing operations of the Company outside of a restructuring process” and it is “at imminent risk of running out of cash and ceasing operations.” The company has been developing the general aviation oriented clean-sheet Graflight V-8 engine, which it introduced in 2010.
This is a companion discussion topic for the original entry at https://www.avweb.com/ownership/engines/eps-files-for-bankruptcy