Latest news with #flighttest
Globe and Mail
6 days ago
- Business
- Globe and Mail
Vertical Aerospace Provides First Half-Year 2025 Operating Update, Demonstrating Piloted Flight Test Progress and Supply Chain Maturity
Vertical Aerospace (Vertical) (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, today provided an operating update and released its financial results for the first half of the year ended June 30, 2025. The filing of its first half-year results is accessible on the Company's investor relations website. This press release features multimedia. View the full release here: H1 2025 saw Vertical Aerospace demonstrate piloted flight test progress and supply chain maturity Stuart Simpson, CEO at Vertical, said: 'We've entered the second half of the year with strong operational and commercial momentum. Our first airport-to-airport flights, a new agreement with Aciturri to build the full VX4 airframe, and our expanded partnership with Honeywell to certify critical flight systems all demonstrate a programme moving with pace and precision. We've also deepened our commercial readiness with Bristow, who will operate the VX4 through a full-service, ready-to-fly model for customers. With every step, we're building confidence in our aircraft, our team, and our ability to deliver a scalable, certifiable product to the global market.' Advancing Our Best-in-Class Aircraft Entered into new long-term strategic partnership with Aciturri Aerostructures to produce the entire airframe, including the wing, empennage, pylons and fuselage, of both the pre-production and, subject to certification, certified VX4 that will enter into service. This follows the expanded partnership with Honeywell earlier in the year to provide the flight control and aircraft management systems for the VX4. Moving at Pace Towards Certification and Industrialisation In Q2, we received our Permit to Fly for both piloted wingborne flight tests and the airport-to-airport flights in and out of the Royal International Air Tattoo, the world's largest military air show, another significant step in the expansion of our flight test programme. First-ever piloted wingborne flight of a winged eVTOL in European open airspace; multiple wingborne flight tests undertaken by two of Vertical's test pilots since as Phase 3 of the piloted test flight programme progresses at pace. Scheduled to complete piloted transition flight, the final stage of Vertical's flight test programme, in the second half of 2025. Strengthened leadership team Lord Andrew Parker, formerly Director General of MI5 and Lord Chamberlain, Head of Royal Household, appointed to the Board, strengthening the company's leadership in defence, national security, and government affairs. Mark Higson appointed Chief Operating Officer and Steve Vellacott joined as VP of Airworthiness & Head of Design Organisation. Together they bring decades of operational, engineering, and certification expertise from across global aerospace, infrastructure, and eVTOL sectors. Eric Samson was named as VP Programme-Hybrid, building on the company's recently announced hybrid-electric VTOL aircraft strategy. Financial Outlook: Maintained industry-leading capital efficiency 1 and after July's successful fundraise of gross proceeds of $69 million (£50.9 million), as of the date of this report, Vertical has approximately £104 million ($137 million) of cash and cash equivalents on hand, taking the Company's cash runway towards the middle of 2026. No change to expectations for FY 2025 net operating cash outflows of approximately £90 million to £100 million ($110 million to $125 million). Expected net cash outflows from operating activities for the next 12 months of approximately £106 million ($142 million), which will be used primarily to continue funding the assembly and testing of the VX4 prototypes. Joining the H1 Webcast Vertical will host a webcast at 08:30 am ET (13:30 BST) today to discuss the first quarter's results. The call will be hosted by Stuart Simpson, Vertical's CEO alongside Michael Cervenka, Chief Strategy and Commercial Officer, who will talk through progress in H1, supply chain maturity and capital efficiency. To access the webcast, visit Vertical's Investor Relations website: [ LINK ] A replay of the webcast will be available on the company website following the event. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical's VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical will also be launching a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, the epicentre of the UK's aerospace industry, Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position as well as our financial outlook, the design and manufacture of the VX4, the features and capabilities of the VX4 and the hybrid-electric VX4 variant, certification and the commercialization of the both the VX4 and the hybrid-electric VX4 variant and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, expected value of the Company's partnership with Aciturri together with the assumptions underlying the Company's Flightpath 2030 goals, the efficiencies, reliability and expertise expected, the design and manufacture of the VX4, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers, our ability to integrate hybrid technology into the VX4 on any particular timelines or at all, the ability of the hybrid-electric VX4 variant VX4 to be applied in defense, cargo, logistics and emergency services sectors, our ability to scale the hybrid-electric VX4 upon the VX4, our ability and plans to raise additional capital to fund our operations, the new board members' and leadership team members' impact on Vertical and its programme development and certification efforts, the differential strategy compared to our peer group, expectations surrounding pre-orders and commitments, our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies, the transition towards a net-zero emissions economy, as well as statements that include the words 'expect,' 'intend,' 'plan,' 'believe,' 'project,' 'forecast,' 'estimate,' 'may,' 'should,' 'anticipate,' 'will,' 'aim,' 'potential,' 'continue,' 'are likely to' and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; our potential inability to produce or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; the inability for our aircraft to perform at the level we expect and may have potential defects; our dependence on partners and suppliers for the components in our aircraft and for operational needs; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; all of the pre-orders received are conditional and may be terminated at any time and any predelivery payments may be fully refundable upon certain specified dates; any potential failure to effectively manage our growth; our inability to recruit and retain senior management and other highly skilled personnel; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; and the other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ('SEC') on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Yahoo
28-07-2025
- Science
- Yahoo
SpaceX Starship Lost Over The Indian Ocean After Losing Attitude Control During Flight 9
SpaceX Starship's 9th flight test ended with the loss of the vehicle over the Indian Ocean. The ship lost attitude control while in suborbital space. Credit: SpaceX | edited by Solve the daily Crossword
Zawya
17-07-2025
- Automotive
- Zawya
Joby expands manufacturing capacity in California and Ohio, adds new aircraft to its fleet
Ramping up newly renovated facility in Dayton, Ohio to manufacture and test aircraft components Leverages Toyota's manufacturing playbook to drive scale, quality and efficiency Adds new aircraft to Joby's fleet, showcasing acceleration of production Dubai, UAE – Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced the expansion of its site in Marina, California, which will double its aircraft production capacity at that location. The total site now spans approximately 435,500 square feet and will support the scale-up of commercial operations. Joby also expanded its flight test program with the addition of a new aircraft to its growing fleet. 'Reimagining urban mobility takes speed, scale, and precision manufacturing. Our expanded manufacturing footprint in both California and Ohio is preparing us to do just that,' said Eric Allison, Chief Product Officer. 'We celebrated the opening of the new facility with the flight of our sixth aircraft, which earned airworthiness certification within a week of completion.' The opening of the new manufacturing space is a big step forward as Joby gets ready to scale production and enter the market. Achieving this comes down to three key strengths: Committed to American Innovation: Drawing on top talent at its California and Ohio facilities, Joby designs, builds, and tests its aircraft in the US. Using tools like advanced data analytics and 3D printing, Joby produces components that are lighter, stronger and more flexible. With its newly expanded Marina facility, the Company plans to add hundreds of full-time jobs to support increased aircraft production. Advantage of Vertical Integration: Joby handles nearly every aspect of its aircraft and air taxi service in-house, from design and manufacturing to pilot training and operations. This vertical integration helps speed development, ensure quality, and accelerate testing and certification. It also lets Joby quickly and efficiently adapt its platform for other uses, including its hybrid hydrogen-electric propulsion testing. Close Collaboration with Toyota: Toyota engineers are deeply integrated with the Joby team, providing counsel to support Joby's work across design, manufacturing, and quality. Toyota also helps the Joby team optimize processes, streamline assembly, and offer advice related to the development of custom tooling to accelerate production. Once fully operational, the expanded Marina site is expected to be able to produce up to 24 aircraft per year, which is nearly one every other week. It will also provide key capabilities including its initial FAA production certification, conforming ground and flight testing components, pilot training simulators, and aircraft maintenance. This site strengthens Joby's broader manufacturing network, which includes three additional facilities: Santa Cruz, CA, the headquarters driving innovation and system architecture; San Carlos, CA, focused on powertrain and electronics; and Dayton, Ohio, a newly renovated facility that will manufacture and test aircraft components for Joby's Pilot Production Line. The Dayton site demonstrates the capabilities required for FAA production certification and supports the Company's plans to scale operations. Equipment installation is underway, with production ramping up to eventually build up to 500 aircraft a year at that location. Strong support from local workforce and community-based organizations, elected officials, city and county leaders, and nonprofit partners was instrumental in bringing the expanded facility to life. In 2023, Joby was awarded a $9.8 million dollar grant from the California Governor's Office of Business and Economic Development (GO-Biz) to accelerate its growth. The Company also benefited from a program through the California State Treasurer's Office, which helped reduce equipment costs by $10 million, supporting Joby's efforts to scale today and build the future of flight for tomorrow. Joby's founder and CEO JoeBen Bevirt will speak at the Reindustrialize Summit in Detroit on July 16, 2025, at 3:25 p.m. ET, highlighting the company's US-based manufacturing efforts. About Joby Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.
Gulf Business
03-07-2025
- Automotive
- Gulf Business
Abu Dhabi: Archer successfully completes test flight of Midnight eVTOL aircraft
Image: Supplied The flight test focused on evaluating the aircraft's vertical take-off and landing performance under UAE-specific conditions — high temperatures, humidity, and dust exposure — as part of Archer's preparations for regional certification and deployment. The company said it will continue expanding its flight testing programme in the region to gather additional data to support its certification and commercialisation efforts in both the UAE and other key markets. The flight was conducted with the support of the Smart and Autonomous Systems Council (SASC) and was attended by senior leadership from the UAE General Civil Aviation Authority (GCAA), the Abu Dhabi Investment Office (ADIO), the Integrated Transport Centre, Abu Dhabi Aviation, and Abu Dhabi Airports, as well as representatives from Archer's regional partners. Archer test flight marks key milestone for Abu Dhabi's plans to drive urban air mobility 'This flight marks a significant step towards realising Abu Dhabi's ambition to lead the world in advanced urban air mobility,' said Badr Al-Olama, director general of the Abu Dhabi Investment Office. 'Through the Smart and Autonomous Vehicles Industry (SAVI) Cluster, we are enabling companies like Archer to test, certify and scale next-generation air mobility solutions, reinforcing our position as a global launchpad for innovation and a hub for transformative technologies.' 'Our initial test flight operations in the UAE represent a critical milestone as we prepare for our commercial deployment in Abu Dhabi,' said Adam Goldstein, CEO and founder of Archer Aviation. 'Testing our aircraft in actual operating conditions in the middle of summer provides us with the data we need to progress our commercial and certification efforts both in the UAE and in the US. The test flight supports Archer's Launch Edition commercialisation programme with Abu Dhabi Aviation, which aims to establish electric air taxi services in Abu Dhabi. The programme reflects Archer's strategy to launch commercial operations in key early adopter markets. The announcement follows recent progress by Archer in the UAE, including regulatory design approval for the country's first hybrid heliport at Abu Dhabi Cruise Terminal and ongoing partnerships with leading regional operators. Read:
Zawya
03-07-2025
- Business
- Zawya
Archer begins test flights in Abu Dhabi
Archer's flight test operations are focused on evaluating the aircraft's Vertical Take-Off and Landing (VTOL) performance in UAE-specific conditions, including high temperature, humidity and dust exposure in advance of commercial deployment Senior leadership from the UAE General Civil Aviation Authority (GCAA), the Abu Dhabi Investment Office (ADIO), the Integrated Transport Centre, Abu Dhabi Aviation and Abu Dhabi Airports attended the flight test, along with representatives from Archer's regional partners Abu Dhabi, UAE – Archer (NYSE: ACHR) today announced the successful completion of an initial flight of its Midnight aircraft at Al Bateen Executive Airport in Abu Dhabi, marking a key milestone for its planned commercial deployment in the UAE and the expansion of its operations in the Middle East region. With the support of the Smart and Autonomous Systems Council (SASC), the flight was witnessed by senior leadership from the UAE General Civil Aviation Authority (GCAA), the Abu Dhabi Investment Office (ADIO), the Integrated Transport Centre, Abu Dhabi Aviation and Abu Dhabi Airports, along with representatives from Archer's regional partners. Focused on evaluating the aircraft's VTOL performance in UAE-specific conditions including temperature, humidity and dust exposure, the test flight allows Archer to validate readiness for commercial deployment. Following this milestone, Archer will expand its flight-testing programme for Midnight in the region, gathering additional data to support its certification and commercialisation plans in both the UAE and other key markets. 'This flight marks a significant step towards realising Abu Dhabi's ambition to lead the world in advanced urban air mobility,' said H.E. Badr Al-Olama, Director General of the Abu Dhabi Investment Office. 'Through the Smart and Autonomous Vehicles Industry (SAVI) Cluster, we are enabling companies like Archer to test, certify and scale next-generation air mobility solutions, reinforcing our position as a global launchpad for innovation and a hub for transformative technologies'. "Our initial test flight operations in the UAE represent a critical milestone as we prepare for our commercial deployment in Abu Dhabi," said Adam Goldstein, CEO and Founder of Archer Aviation. "Testing our aircraft in actual operating conditions in the middle of summer provides us with the data we need to progress our commercial and certification efforts both in the UAE and in the U.S." The test flight supports Archer's Launch Edition commercialisation programme with Abu Dhabi Aviation, which aims to establish air taxi services in Abu Dhabi. The announcement comes as Archer continues to advance its certification and commercialisation efforts in the UAE and beyond, building on recent achievements including regulatory design approval for the UAE's first hybrid heliport at Abu Dhabi Cruise Terminal and ongoing partnerships with leading regional operators. The Launch Edition programme represents Archer's approach to establishing commercial operations in key early adopter markets. Abu Dhabi's role as Archer's first Launch Edition market positions the emirate as a global leader in urban air mobility deployment, demonstrating Abu Dhabi's commitment to innovative transport and sustainable mobility solutions. About Archer Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit Archer Media Contacts Tales and Heads (UAE) - archer@ Forward-Looking Statements This press release contains forward looking statements regarding Archer's future business plans and goals, including statements regarding the development, flight testing, commercialization, and certification of its aircraft and the plans for its 'Launch Edition' programme. In addition, this press release refers to a partnership that is conditioned on the future execution by the parties of additional binding definitive agreements incorporating the terms outlined in the memorandum of understanding, which definitive agreements may not be completed or may contain different terms than those set forth in the framework agreement. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, available at In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events. Source: Archer Text: ArcherIR About the Abu Dhabi Investment Office (ADIO): The Abu Dhabi Investment Office (ADIO) is the government vehicle responsible for accelerating Abu Dhabi's growth and enabling the emirate's economic transformation. Through comprehensive support services, ADIO enables both local and foreign investors to shape industries of the future set to transform liveability, technology, resources, and value-added services. Initiatives focused on regional tourism and retail development, as well as public-private partnerships, ensure that community well-being is at the centre of Abu Dhabi's economic transformation. With a robust network of investors, strong collaboration with key stakeholders, and a global presence, ADIO is committed to empowering those who invest with Abu Dhabi to make a lasting global impact. For more information, visit: For more information, please contact: ADIO@
