EVTWF Vertical Aerospace Ltd.

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Executive Summary

Vertical Aerospace announced a long-term supplier partnership with Hyundai WIA to design and manufacture the landing gear for its Valo eVTOL aircraft, marking progress in securing its supply chain as it advances toward Critical Design Review and certification. The agreement adds a major aerospace-grade supplier to the Valo program alongside Honeywell, Aciturri, Evolito, Syensqo, and Isoclima, but no financial terms or binding volume commitments were disclosed.

Actionable Insight

Key Facts

• Vertical Aerospace entered a long-term agreement with Hyundai WIA for end-to-end design, development and manufacture of the Valo landing gear.
• Hyundai WIA is a subsidiary of Hyundai Corporation with decades of advanced manufacturing and mobility experience.
• Stirling Dynamics will support Hyundai WIA as a key design partner on the landing gear system.
• Vertical has now secured key suppliers across major aircraft systems including Honeywell, Aciturri, Evolito, Syensqo, and Isoclima.
• Vertical has ~1,500 pre-orders for Valo across four continents including American Airlines, Avolon, Bristow, GOL and Japan Airlines.
• Vertical completed a two-way piloted transition flight and is progressing toward Critical Design Review (CDR).

Financial Impact

No financial terms disclosed; supplier agreement with no stated contract value, guaranteed volume, or payment milestones.

Risk Factors

• No financial terms or volume guarantees disclosed — the agreement does not directly improve near-term cash position.
• Vertical remains a pre-revenue company with ongoing cash burn and no certified product; certification timelines remain uncertain.
• Pre-order conversion depends on regulatory certification and third-party agreements; many pre-orders may not become binding.

Market Snapshot

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

US Market Status

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