Today, we’re pleased to announce long-term partnerships with ANH Structure, a specialist in advanced aircraft seating systems, and Northrop Grumman, a leader in the development and manufacture of navigation and sensor systems.
Together, these partnerships will advance the development of Valo, strengthen our supply chain and support our strategy to deliver one versatile platform across multiple cabin configurations. Both companies join Vertical's existing supplier ecosystem which includes Honeywell Aerospace, Sonaca, Evolito Ltd, HYUNDAI WIA, Syensqo, Isoclima Group and Astronics Corporation.
Today we're announcing financing commitments of approximately $100 million to support the next phase of Vertical's journey towards certification and commercialisation.
The announcement follows a period of significant momentum for the business. Over the past six months we've become only the second company globally to complete a piloted transition flight in a full-scale tilt-rotor eVTOL, showcased our aircraft through historic public demonstrations at the Farnborough International Airshow and strengthened our industrial and technology partnerships.
The additional capital is intended to support key programme milestones, including Critical Design Review, which enables the build and test of certification-conforming aircraft, manufacturing readiness and hybrid-electric development.
Thank you to our investors, partners, customers and the entire Vertical team for their continued support.
#verticalaerospace #aviationnews
“This is a major vote of confidence from the UK Government in Vertical, in our aerospace sector and in the UK’s opportunity to lead the next generation of aviation." - Stuart Simpson
Today, we are announcing advanced discussions with the UK Government on a package of support to establish the first of our planned global full-production sites in the UK.
@HolaFernando@airwaysmagazine Montreal-Paris is about the same as Montreal-LA and I did the latter in an A319 all the time.
It sucks and you didn't even get any food
Vertical Aerospace has achieved a historic milestone: piloted thrustborne transition.
An industry first under the oversight of the UK @UK_CAA working closely with @EASA toward certification.
This means our aircraft can now take off vertically and transition seamlessly into efficient wingborne flight - a critical step toward two-way transition.
https://t.co/hHaljfsieP
#ElectricAviation #eVTOL #Aerospace #Innovation
My trading journal is bared to all on this Discord server: https://t.co/NExZwiNOVa
Feel free to join and converse!
So far up 10% this year. Crazy ride of volatility.