Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.
IPO Year: 2021
Exchange: NYSE
Website: https://www.vertical-aerospace.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/23/2024 | $1.00 → $1.50 | Hold → Buy | Deutsche Bank |
| 6/9/2023 | $2.00 | Hold | Canaccord Genuity |
| 7/27/2022 | Mkt Perform | Raymond James | |
| 4/11/2022 | $9.00 | Hold | Deutsche Bank |
| 1/18/2022 | $7.00 | Underweight | Barclays |
Deutsche Bank upgraded Vertical Aerospace Group from Hold to Buy and set a new price target of $1.50 from $1.00 previously
Canaccord Genuity initiated coverage of Vertical Aerospace Group with a rating of Hold and set a new price target of $2.00
Raymond James initiated coverage of Vertical Aerospace Group with a rating of Mkt Perform
Deutsche Bank initiated coverage of Vertical Aerospace Group with a rating of Hold and set a new price target of $9.00
Barclays initiated coverage of Vertical Aerospace with a rating of Underweight and set a new price target of $7.00
Vertical's VX4 prototype begins untethered, piloted thrustborne testing following expansion of Permit to Fly from the UK Civil Aviation Authority. Phase 2 of testing includes vertical take-off and landing and low-speed flight manoeuvres. The VX4 prototype has completed nearly 90 test points, measuring 35,000 flight and system parameters, producing several thousand gigabytes of data. Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company pioneering zero-emissions aviation, has seen its latest full scale VX4 prototype achieve piloted, untethered vertical take-off and landing for the first time as Phase 2 of its flight test programme begins. This press
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW)), a global aerospace and technology company that is pioneering zero emission aviation, today announces "Flightpath 2030," its strategy for market leadership before the end of the decade. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112552493/en/Vertical Aerospace launches 'Flightpath 2030', its strategy for market leadership before the end of the decade. (Photo: Business Wire) As Vertical advances its piloted flight test programme, which has entered into Phase 2, "Flightpath 2030" sets a clear route for the company's journey from prototype to productio
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW)), a global aerospace and technology company that is pioneering zero emission aviation, announces that it expects to share a business update pre-market on Tuesday, 12 November. Vertical will host a webcast at 08:30 am ET (13:30 GMT) the same day to discuss the update. The call will be hosted by Stuart Simpson, Vertical's CEO and he will be joined by other members of the leadership team. To access the webcast, visit Vertical's Investor Relations website: https://investor.vertical-aerospace.com/events-and-presentations/events/. If unable to attend the webcast, to listen by phone, please dial +1 646 307-1963 or +1 0800
Vertical Issues Shareholder Letter Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first half of the year ended June 30, 2024. Vertical has also issued a shareholder letter in conjunction with the filing of its first half-year results, which is posted to its investor relations website at investor.vertical-aerospace.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917135638/en/The new VX4 prototype, which has completed Phase 1 of piloted flight tests. (Photo: Business Wire)
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold an Extraordinary General Meeting ("EGM") at 10:00 a.m. (GMT) on September 30th 2024 at the offices of the Company: 4th Floor, United House, 9 Pembridge Road, London W11 3JY, United Kingdom. This follows the Company's receipt of a shareholders' requisition dated 30 August 2024, issued by Stephen Fitzpatrick, in his capacity as the holder of greater than 10.0% of the issued and outstanding ordinary shares of the Company, requesting the directors of the Company to convene an Extraordinary General Meeting ("EGM")
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company pioneering electric aviation, today announced a one-for-ten (1:10) reverse share split of its issued and unissued ordinary shares (the "ordinary shares") and preferred shares, par value $0.0001 per share (the "Reverse Share Split"). The Reverse Share Split will become effective at 4:01 p.m. Eastern Time on September 20, 2024 (the "Effective Date"). The Company's ordinary shares will begin trading on a split-adjusted basis when the New York Stock Exchange ("NYSE") opens for trading on Monday, September 23, 2024 (i.e., the first trading day following the Effective Date) under
Phase 1 included tethered flights, ground taxi testing and high-powered ground runs, all with a pilot on board. Vertical is now preparing to progress to piloted untethered thrustborne testing, as soon as it receives permission from the UK Civil Aviation Authority (CAA). The VX4 went from its first powered ground test to 'wheels up' in just one week – three times faster than the previous prototype. Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company pioneering zero-emissions aviation, has achieved another significant milestone. Its latest VX4 has completed the first phase of its piloted flight test programme at the Vertical Flight Test Centre. This pre
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold its Annual General Meeting (AGM) at 12:30pm London Time on September 16th 2024 at their Bristol Headquarters, Unit 1, Camwal Court, Chapel St, Bristol BS2 0UW. Shareholders are invited to consider several proposals detailed in the Company's circular to shareholders, providing notice of the AGM to the Company's shareholders, and including a letter to the Company's shareholders and a form of proxy card in connection with the proposals sought to be adopted by the AGM, which is attached as an exhibit to a curren
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 towards certification. Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company pioneering zero-emissions aviation, has seen its latest VX4 prototype perform its first tethered piloted flight as it begins the "wheels up" phase of testing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240726777724/en/Vertical's Chief Test Pilot, Justin Paines, the o
Testing for the new, more advanced VX4 prototype has begun with initial powered ground tests, including propeller balancing, complete at Vertical's Flight Test Centre. Vertical will now conduct powered, propulsion testing ahead of "wheels up" phase with piloted flights, once the UK Civil Aviation Authority (CAA) has issued its Permit to Fly. Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero emissions aviation, today announced that testing on its most advanced eVTOL aircraft, unveiled last week, has started with initial powered ground tests, including propeller balancing, successfully complete. This press release features mul
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Vertical Issues Shareholder Letter Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first half of the year ended June 30, 2024. Vertical has also issued a shareholder letter in conjunction with the filing of its first half-year results, which is posted to its investor relations website at investor.vertical-aerospace.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917135638/en/The new VX4 prototype, which has completed Phase 1 of piloted flight tests. (Photo: Business Wire)
Stuart Simpson, Vertical Aerospace's CFO and seasoned FTSE100 executive, appointed to CEO as company moves to pivotal phase of certifying its VX4 aircraft and commercialisation. Founder and current CEO, Stephen Fitzpatrick, continues his role as Board member, focused on business strategy and delivering on the company's vision. Ben Story, who brings 30 years of fundraising, business strategy and leadership experience from roles at Rolls-Royce, Citi and Transport for London, appointed to Vertical's Board. Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, has made several l
Company Issues Shareholder Letter Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the six months ended June 30, 2023. The Company has also issued a shareholder letter in conjunction with the filing of its first half-year results, which is posted to its investor relations website at investor.vertical-aerospace.com. Stephen Fitzpatrick, Vertical Founder and CEO, said: "We have seen fantastic momentum at Vertical in the first half of 2023 across our testing, certification, and commercial efforts. We have conducted our first untethered flight
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-executive director of Ocado Group plc Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero-emissions aviation, today announces it has strengthened its executive leadership team with the appointment of John Martin as Chief Financial Officer (CFO). John joins Vertical after a successful thirty year career in senior operational and financial management r
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 VX4 Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero-emissions aviation, today announces it has further strengthened its executive leadership team with the appointment of David King as Chief Engineer. David joins in February 2023 and will be responsible for the technical development and overall performance of the Vertical's VX4 electric aircraft, super
Former EASA Certification Director joins Vertical to help lead regulatory engagement Concurrent EASA and CAA certification agreed CAA approves Vertical's Form 4 holders as part of DOA approval On track to receive DOA later this year Vertical believes this DOA will be of the widest scope an eVTOL manufacturer will have received to date Vertical Aerospace (Vertical) (NYSE:EVTL), a global aerospace and technology company that is pioneering zero emissions aviation, today announces further progress on its path to certification, including the appointment of the former European Union Aviation Safety Agency's (EASA) Certification Director, Trevor Woods, as Director – Regulatory Affairs.
Slattery brings deep aviation and capital markets expertise to Vertical Aerospace Board Vertical Aerospace ("Vertical") (NYSE:EVTL), a global aerospace and technology company that is pioneering zero emissions aviation, announces the appointment of aviation industry veteran Dómhnal Slattery, as Non-Executive Chairman of Vertical's board of directors ("Vertical Board"). Dómhnal succeeds Stephen Fitzpatrick as Chairman, who has held the combined role of Chairman & CEO since Vertical listed on the New York Stock Exchange ("NYSE") in December 2021. Dómhnal Slattery Dómhnal has over 30 years' experience in the global aviation finance industry. He is currently the founding CEO of Avolon, the wor
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))), a global aerospace and technology company that is pioneering zero emission aviation, announces it will hold its Annual General Meeting (AGM) at 12:30pm London Time on September 16th 2024 at their Bristol Headquarters, Unit 1, Camwal Court, Chapel St, Bristol BS2 0UW. Shareholders are invited to consider several proposals detailed in the Company's circular to shareholders, providing notice of the AGM to the Company's shareholders, and including a letter to the Company's shareholders and a form of proxy card in connection with the proposals sought to be adopted by the AGM, which is attached as an exhibit to a curren
- Partnership includes Avolon, Corporación América Airports, GOL, Grupo Comporte and Vertical Aerospace - Partnership will explore infrastructure requirements to make eVTOL operations a reality in Brazil this decade A partnership of global leaders in aviation and airports announces its intention to explore the infrastructure requirements to bring eVTOL passenger flight to Brazil within this decade. The partnership includes: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220602005460/en/Partnership between Avolon, Corporación América Airports, GOL, Grupo Comporte and Vertical Aerospace will explore and define vertiport design an
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After participating in the Farnborough Air Show, Vertical Aerospace Ltd's (NYSE:EVTL) shares were rising in midday trading on Tuesday. Although the company has experienced setbacks over the past few years, an operational inflection seems possible in the next few quarters, "with management targeting a piloted full transition flight by year-end," according to Deutsche Bank. The Vertical Aerospace Analyst: Edison Yu upgraded the rating for Vertical Aerospace from Hold to Buy, while raising the price target from $1.00 to $1.50. The Vertical Aerospace Thesis: If the company achieves a full transition flight by year-end, this will represent a "highly capital efficient path thus far by an
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Canaccord Genuity analyst Austin Moeller maintains Vertical Aerospace (NYSE:EVTL) with a Buy and maintains $1.5 price target.
Deutsche Bank analyst Edison Yu upgrades Vertical Aerospace (NYSE:EVTL) from Hold to Buy and raises the price target from $1 to $1.5.
Vertical's most advanced full-scale prototype is key step towards certification of aircraft. 60% of this prototype's technology is from Vertical's strategic aerospace partners GKN Aerospace, Hanwha, Honeywell, Leonardo, Molicel, Syensqo. First use of Vertical's powerful proprietary battery technology, designed and built in the Vertical Energy Centre, with rapid charging and capable of cruise speeds of up to 150mph. Vertical will shortly begin a robust flight test programme, once the UK Civil Aviation Authority (CAA) has issued its Permit to Fly.
The scope extension enables Vertical's own engineers to sign off compliance of an increasing number of technical areas, including further areas related to the flight control, avionics and electrical systems. Expanding Vertical's capacity to carry out certification activities streamlines the certification process. This shows further confidence from the CAA that Vertical has the in-house capability to obtain certification for the VX4 aircraft to the highest aviation safety standards, with safety targets the same as those that large commercial airliners adhere to.
Canaccord Genuity analyst Austin Moeller maintains Vertical Aerospace (NYSE:EVTL) with a Buy and maintains $1.5 price target.
This follows Rolls-Royce's announcement in November 2023 of its intention to seek a partner or buyer for its advanced air mobility activities. Vertical is already working with other EPU suppliers for its new prototype, and the exit of this contract has no impact on the completion of this prototype or its identical twin. Vertical is now in active engagement with a shortlist of potential EPU partners for the certification and production aircraft following the launch of a formal tender process. Vertical continues to target type certification by the end of 2026. The agreement also includes the return to Vertical of Rolls-Royce's EVTL shares, which it initially acquired as a private investmen
Vertical Aerospace Ltd. ("Vertical" or the "Company") (NYSE:EVTL, EVTLW))))), a global aerospace and technology company that is pioneering zero emission aviation, has made several leadership appointments as the company moves towards a pivotal phase of certifying its VX4 aircraft and commercialisation. Stuart Simpson, Vertical's CFO and seasoned FTSE100 executive with a career which spans 30 years and includes leadership roles across the technology, automotive and logistics sectors, has been appointed to CEO, effective immediately. He will be responsible for leading the execution of the company's strategy as it progresses towards certification of the VX4 aircraft, bringing it to market, and