Vertical Aerospace

Hanwha Aerospace entered a deal with Vertical Aerospace to supply electromechanical actuators (EMAs) for the VX4 aircraft, valued at $165 million, with supply from 2025 to 2035.

Vertical Aerospace has entered a strategic partnership with E-One Moli Energy Corp (Molicel) to supply high-power cylindrical lithium-ion cells for Vertical's VX4 eVTOL aircraft. Molicel will provide cells for certification and entry into service, with plans to increase supply for mass production.

Vertical Aerospace and Leonardo agreed a joint development programme for the design, testing, manufacture and supply of the carbon composite fuselage for the VX4 eVTOL aircraft, initially for six certification aircraft, with potential to scale to 2,000 per year.

Leonardo's aerostructures division will design, test, and supply carbon fiber fuselages for Vertical Aerospace's VX4 eVTOL aircraft, initially for six certification aircraft, with potential to scale to 2,000 per year.

Vertical Aerospace, a UK eVTOL aircraft developer, has entered a definitive agreement to merge with SPAC Broadstone Acquisition Corp., with a pro forma equity value of $2.2 billion, expected to close in H2 2021.

Vertical Aerospace announced long-term supplier agreements with ANH Structure Co., Ltd. for seating systems and Northrop Grumman LITEF GmbH for navigation systems for its Valo eVTOL aircraft.