Vertical Aerospace (EVTL) Partners with Bristow Group (VTOL)
Vertical Aerospace Ltd. (NYSE:EVTL) is one of the . On June 12, Vertical Aerospace Ltd. (NYSE:EVTL) announced the expansion of its strategic partnership with Bristow Group Inc. (NYSE:VTOL) to bring advanced air mobility to commercial operations.
Under the partnership, both companies will accelerate the commercial adoption of the VX4 model, which is an electric vertical takeoff and landing aircraft. The partnership also introduces a ready-to-fly model that provides customers with certified V4X aircraft, trained pilots, maintenance, and insurance coverage. These services have been introduced to lower barriers to entry for organizations interested in launching eVTOL services, as they eliminate the need for customers to build their operational infrastructure from scratch.
A prototype of the company's electric vertical take-off and landing vehicle, hovering above the runway.
Moreover, both companies also signed a Memorandum of Understanding, under which Bristow Group Inc. (NYSE:VTOL) placed a pre-order for up to 50 VX4, with the option to purchase up to 50 more from Vertical Aerospace Ltd. (NYSE:EVTL).
Vertical Aerospace Ltd. (NYSE:EVTL) is a UK-based global aerospace and technology company pioneering electric aviation. It focuses on manufacturing and selling electric vertical takeoff and landing (eVTOL) aircraft for the advanced air mobility (AAM) market. VX4 is its flagship product designed to carry a pilot and up to four passengers.
While we acknowledge the potential of EVTL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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