Gold prices slip slightly after recent gains; U.S. data eyed
Investing.com -- Vertical Aerospace Ltd (NYSE:EVTL) stock rose 4.1% following the announcement of a long-term strategic partnership with Aciturri Aerostructures to build the airframe for its VX4 electric aircraft.
Under the agreement, Aciturri will supply the entire airframe for both pre-production and certified versions of Vertical’s electric and hybrid-electric vertical take-off and landing (eVTOL) aircraft. The Spanish aerospace manufacturer will provide the wing, empennage, pylons, and fuselage components, while also taking engineering responsibility for several structural elements.
Aciturri brings nearly five decades of experience in commercial aircraft programs, having designed and manufactured major airframe components for industry giants like Airbus, Boeing (NYSE:BA), and Embraer. The company has also developed airframes for other eVTOL programs, including those for Eve Air Mobility and Lilium.
"As we accelerate toward commercialization, the VX4 demands an airframe built specifically for the unique challenges of eVTOL and the highest levels of safety certification," said Stuart Simpson, CEO of Vertical Aerospace. "As a leading, global supplier, Aciturri brings the world-class capability, agility, and technical excellence we need to turn great designs into great aircraft."
The partnership represents a key element of Vertical’s Flightpath 2030 plan as it progresses toward certification and production. It follows the company’s recently expanded partnership with Honeywell (NASDAQ:HON) for flight control and aircraft management systems, as well as Vertical’s milestone completion of its first airport-to-airport flights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.