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Continues the UK's long tradition of innovation, putting it at the forefront of electric battery development The Vertical Energy Centre (VEC) will support the design, test, manufacture and commercialisation of Vertical’s custom-made battery pack for its VX4 aircraft Creates high te...
2023-03-06 18:36:02 ET AWIN SPAC merger in late February. For further details see: eVTOL, drone systems developer AIRO to go public through SPAC deal
Summary Archer Aviation has very few catalysts set for the next 2-3 quarters and therefore the stock could underperform the market in 2023. The company is a leader in what could be a revolutionary industry and therefore holds significant long-term potential. Therefore, we believe th...
Vertical Aerospace ( NYSE: EVTL ) has appointed John Martin as CFO, effective February 20, 2023. Martin will succeed Vinny Casey, who has resigned but will continue on the company's board as a non-executive director. He holds 30 years of senior executive experience in large, i...
John brings thirty years’ experience of senior executive roles in large, international companies, most recently as CEO of Ferguson plc (formerly Wolseley plc), the FTSE 100 distribution business John has served as CFO of Wolseley plc, Hays plc and Travelex Group, and is currently non-e...
Summary Vertical Aerospace has a promising pre-order book for eVTOLs, but the market appears to have big questions regarding these orders. The company just announced a pre-delivery payment from Marubeni in Japan, but the press release didn't provide any financial details. The stock ...
Vertical’s customers are progressing plans for safer, greener, easier flight in Japan’s cities and regions by the mid 2020s Marubeni is making a pre-delivery payment to Vertical to reserve early delivery slots for the first 25 out of 200 VX4 conditional pre-orders Ja...
David brings over thirty years’ unparalleled experience in the aerospace engineering sector, having previously held senior roles at Leonardo and Bell At Vertical, David will be responsible for the technical development and overall performance of Vertical’s electric aircraft, the...
Summary EVTL is a Cayman Island registered company controlled by its single founder, operating in the UK and listed in the US. The company is part of a web of companies controlled by its leading actors, with shared names and inter-company loans. It is short of cash and has limited...
Vertical Aerospace press release ( NYSE: EVTL ): Q3 net operating loss of £19m As of September 30, 2022, Vertical had cash at bank and short-term deposits totalling £145m. The 2022 capital plan continues to remain on track, with net cash outflows to be used i...
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Vertical’s latest VX4 prototype has performed its first tethered piloted flight. “Wheels up” phase of flight test programme follows the UK Civil Aviation Authority issuing a Permit to Fly. Moment marks the latest development in Vertical’s journey toward...
2024-07-23 14:00:06 ET Edison Yu from Vertical Research issued a price target of $1.50 for EVTL on 2024-07-23 11:59:00. The adjusted price target was set to $1.50. At the time of the announcement, EVTL was trading at $0.93. The overall price target consensus is at $2.67 ...