Vertical Aerospace (EVTL) Stock News

Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company focused on electric aviation, has announced its Annual General Meeting (AGM) details. The AGM will be held on August 5, 2025, at 3:00 pm GMT at the company's Bristol Headquarters in the United Kingdom.

Shareholders will review and consider proposals outlined in the company's circular, which includes a notice of the AGM, a shareholder letter, and a proxy card. The complete documentation has been filed with the SEC via Form 6-K on July 1, 2025.

Vertical Aerospace (NYSE: EVTL) and Bristow Group (NYSE: VTOL) have expanded their strategic partnership to accelerate eVTOL adoption through a 'ready-to-fly' operational model. The partnership includes Bristow's pre-order of up to 50 VX4 aircraft with options for 50 more. The capital-light platform will provide Vertical's customers with turnkey solutions including certified aircraft, trained pilots, maintenance, and insurance. Bristow will leverage its 75+ years of experience and global operational footprint to manage operations for Vertical's customers. The partnership builds on Vertical's recent achievement of completing the first wingborne flight of a winged eVTOL in European airspace. The companies will also explore MRO services including battery swapping and field maintenance solutions, while harmonizing safety management systems and utilizing VX4's cloud architecture for predictive maintenance.

Vertical Aerospace (NYSE: EVTL) has appointed Lord Andrew Parker, former MI5 Director General and Lord Chamberlain, to its Board of Directors effective June 2, 2025. Lord Parker brings extensive national security and intelligence experience from his tenure as MI5's Director General (2013-2020) and his role in the Royal Household. The appointment follows Vertical's announcement of its hybrid-electric program and aligns with the UK government's recent £20 million commitment to advance drone and eVTOL technologies. Lord Parker currently serves as a Non-Executive Director at Babcock International Group and will support Vertical's expansion in both civil and defence applications. The appointment strengthens Vertical's position in defence, national security, and government affairs as the company works toward real-world deployment of its aircraft.

Vertical Aerospace [NYSE: EVTL] has achieved a historic milestone with the first-ever piloted wingborne flight of a winged eVTOL aircraft in European open airspace. The VX4 prototype, piloted by Chief Test Pilot Simon Davies, successfully completed controlled wingborne flight from Cotswold Airport following UK Civil Aviation Authority approval. The aircraft demonstrated expected performance, capturing over 30,000 in-flight parameters. Vertical is currently the only company globally flying a piloted winged eVTOL under a Design Organisation Approval from the CAA. The VX4 reached speeds of up to 150 mph and altitudes near 2,000 ft. The company completed extensive testing, including 7.2 million fatigue cycles on propeller blades and 3,000+ hours of component testing. Vertical aims to complete piloted transition flight in 2H 2025, marking a crucial step toward commercial deployment.

Vertical Aerospace [NYSE: EVTL] released its Q1 2025 operating update, highlighting significant progress in its electric aviation initiatives. The company is advancing toward piloted wingborne flight tests in Q2 2025, with CAA approval anticipated. Key developments include a new partnership with Honeywell for certifying critical flight systems, and the announcement of a 1,000-mile hybrid-electric VTOL program targeting defense and logistics markets. The company has strengthened its testing capabilities by adding a third VX4 prototype and expanding its test pilot team. Financially, Vertical maintains £69 million ($89 million) in cash, expected to fund operations into Q4 2025, with projected FY 2025 net operating cash outflows of £90-100 million. The company has also bolstered its board with three new directors bringing capital markets expertise.

Vertical Aerospace (NYSE: EVTL) announced the development of a hybrid-electric variant of its VX4 aircraft, expanding its capabilities to serve defense, logistics, and commercial markets. The new variant, building on the all-electric VX4 platform, will offer significantly enhanced performance with a range of up to 1,000 miles (10x increase) and payload capacity of up to 1,100 kilograms.

The hybrid-electric system, under development for 18 months at the Vertical Energy Centre, will be retrofitted into a VX4 prototype with flight testing expected in Q2 2026. The aircraft features stealth advantages, crewed/uncrewed capabilities, and mission resilience. As Europe's only remaining credible eVTOL company, Vertical is positioning itself within the $1TR urban air mobility market, targeting certification by 2028.

Vertical Aerospace (NYSE: EVTL) and Honeywell (NASDAQ: HON) have expanded their partnership to advance the certification and production of the VX4 eVTOL aircraft. The expanded collaboration, with a potential $1 billion contract value over the next decade, focuses on certifying two critical systems: the aircraft management system (including Honeywell Anthem Flight deck) and the flight controls system. These systems will be certified to the highest safety standard of 10-9, equivalent to commercial airliners. Vertical has also selected Honeywell's new inceptors for the VX4's production version, enhancing pilot control and safety. The company aims to certify the VX4 by 2028 and deliver at least 150 aircraft by 2030 as part of its Flightpath 2030 strategy. This builds upon their six-year relationship, with Honeywell being an investor in Vertical since 2021.

Vertical Aerospace [NYSE: EVTL] has appointed three new directors to strengthen its Board: James Keith Brown, Kris Haber, and Carsten Stendevad. The appointments are effective April 30, 2025 for Haber and May 14, 2025 for Brown and Stendevad. These strategic additions bring extensive capital markets expertise and experience in scaling growth-stage companies. Brown, a Senior Advisor at Thrive Capital, brings IPO experience from Och-Ziff Capital. Haber, CEO of Vega Partners, contributes 33 years of corporate finance expertise. Stendevad, Partner at Bridgewater Associates, adds sustainable investing knowledge. The appointments come as Vertical targets cash break-even in 2030 and aims to complete its piloted test flight program in 2025. Board members Gur Kimchi and Kathy Cassidy will step down, expanding the board to seven directors.

Vertical Aerospace [NYSE: EVTL], a zero emission aviation pioneer, has scheduled a business update for Tuesday, May 13, 2025, before market opening. The company will host a webcast at 8:30 AM ET (13:30 BST) featuring CEO Stuart Simpson and other leadership team members to discuss the update.

Investors can access the webcast through Vertical's Investor Relations website or join by phone using the dial-in numbers +1 (646) 307-1963 or +1 800 715-9871 with Conference ID 5515222. A replay will be available on the company website after the event.