Their sole project was the model FF-1080-300ER, a short-haul cargo (freight feeder) aircraft for shipping and courier services.
As a startup company, they advertise minimalist engineering to reduce time to market, forgoing cabin pressurization and a retractable landing gear yet lifting a 10-ton cargo pallet.
Until FAA certification of their first model, which would take some years, they intended to rely on the International freight feeder market.
Utilicraft generated initial capital with an IPO, so their survival depends on the stock market and their investor relations.
Their stock began 2007 at $1.00 per share and fell to $0.06 by the end of the year.