Business
Vertical Aerospace, Honeywell Expand Partnership to Bring VX4 eVTOL to Market
LONDON & NEW YORK & PHOENIX, May 08, 2025--Vertical Aerospace ("Vertical") (NYSE: EVTL) and Honeywell (NASDAQ: HON) today announced the signing of a new long-term agreement that expands their existing partnership and reinforces Honeywell’s commitment to the certification and production of Vertical’s electric vertical take-off and landing (eVTOL) aircraft, the VX4.
About this update from Vertical Aerospace Ltd.
[{"type":"image","alt":"Honeywell and Vertical Aerospace sign new long term agreement to bring VX4 to market","displaySize":"","headline":null,"caption":"Honeywell and Vertical Aerospace sign new long term agreement to bring VX4 to market","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":270,"url":"https://media.zenfs.com/en/business-wire.com/16485622e00b8a774e3ac75f4f78deed"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OVrdGxiqzn3BSU5ZKLVS_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/16485622e00b8a774e3ac75f4f78deed","width":480,"height":270}},"lazy":false},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":249,"url":"https://media.zenfs.com/en/business-wire.com/624449ca248f2b31647c17433cd4c0ee"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LvRNMJoAtF5q3cn4yGEOLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ5ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/624449ca248f2b31647c17433cd4c0ee","width":480,"height":249}}},{"type":"list","items":[{"val":[{"type":"text","content":"Honeywell continues certification and production work for its flight control and aircraft management systems; enters into new long-term agreement with Vertical to unlock speed and efficiencies in delivering Vertical’s VX4 aircraft to customers","length":243,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"New Honeywell inceptors also selected by Vertical to make VX4 easier and safer for pilots to fly","length":96,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Expanded partnership has potential $1B projected contract value over next decade1","length":81,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":420,"olType":false},{"type":"text","content":"LONDON & NEW YORK & PHOENIX, May 08, 2025--(BUSINESS WIRE)--Vertical Aerospace ("Vertical") (NYSE: EVTL) and Honeywell (NASDAQ: HON) today announced the signing of a new long-term agreement that expands their existing partnership and reinforces Honeywell’s commitment to the certification and production of Vertical’s electric vertical take-off and landing (eVTOL) aircraft, the VX4.","length":401,"tagName":"p"},{"type":"text","content":"Un...