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Vertical Aerospace ( (EVTL) ) just unveiled an announcement.
Vertical Aerospace has entered a long-term partnership with Hyundai WIA under which the Korean mobility and manufacturing specialist will design, develop and manufacture a bespoke landing gear system for Valo, the UK company’s electric vertical take-off and landing aircraft. Hyundai WIA will take end-to-end responsibility for the lightweight landing gear, supported by UK engineering firm Stirling Dynamics, leveraging decades of advanced manufacturing and mobility experience.
Announced on May 21, 2026, the agreement deepens Vertical’s supplier ecosystem as it pushes toward certification and commercialization of Valo, following the recent completion of a two-way piloted transition flight. With key suppliers now secured across major systems and Critical Design Review approaching, the deal marks a further step in building a world-class supply chain for scaled production, reinforcing Vertical’s industrial readiness and potentially de-risking its path to commercial service for customers and investors.
The most recent analyst rating on (EVTL) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Vertical Aerospace stock, see the EVTL Stock Forecast page.
Spark’s Take on EVTL Stock
According to Spark, TipRanks’ AI Analyst, EVTL is a Neutral.
The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, sustained cash burn, negative equity and higher leverage). Technicals also indicate a weak longer-term trend with negative MACD. Offsetting these, the latest earnings call highlighted credible operational milestones, but they are tempered by a pronounced near-term funding gap and schedule uncertainty.
To see Spark’s full report on EVTL stock, click here.
More about Vertical Aerospace
Vertical Aerospace is a Bristol-based global aerospace and technology company focused on electric aviation, developing the Valo electric vertical take-off and landing aircraft and a hybrid-electric variant for the advanced air mobility market. Valo is a piloted, four-passenger eVTOL with zero operating emissions, backed by about 1,500 pre-orders from airlines and lessors including American Airlines, Avolon, Bristow, GOL and Japan Airlines, and supported by partnerships with major suppliers such as Honeywell, Syensqo and Aciturri.
Average Trading Volume: 2,944,923
Technical Sentiment Signal: Sell
Current Market Cap: $303M
Find detailed analytics on EVTL stock on TipRanks’ Stock Analysis page.