BCKIF - Vertical Aerospace rallies on partnering with Babcock for new applications on VX4 variants

• Vertical Aerospace ( NYSE: EVTL ) surged 19% higher premarket after it announced a partnership with Babcock ( OTCPK:BCKIF ) for exploring new applications for its VX4 eVTOL aircraft.
• Vertical and Babcock will set up a Joint Working Group to explore how to use the VX4 in new applications such as aerial EMS and cargo transportation.
• The VX4 has proven demand in the passenger transportation markets from established airline customers including Virgin Atlantic, aircraft lessors such as Avolon, and helicopter and tourism operators such as Bristow and Iberojet.
• The partnership will also see the two companies working on developing modular MRO capabilities to enable cost effective maintenance of the aircraft in both remote and challenging environments.

For further details see: