- 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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