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Vertical Aerospace, Babcock Explore New Applications For VX4 Aircraft

Vertical Aerospace Ltd (NYSE:EVTL) has partnered with Babcock International Group Plc (OTC:BCKIF), the aerospace, defense, and security company, to explore new applications…
byAkanksha Bakshi
July 18, 2022
1 minute read
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  • Vertical Aerospace Ltd (NYSE:EVTL) has partnered with Babcock International Group Plc (OTC:BCKIF), the aerospace, defense, and security company, to explore new applications for its VX4 eVTOL aircraft.
  • Vertical and Babcock will set up a Joint Working Group (JWG) to explore how to use the VX4 in new applications such as aerial Emergency Medical Services (EMS) and cargo transportation.
  • 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.
  • Price Action: EVTL shares are trading higher by 9.06% at $5.45 on the last check Monday.
 
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