Vertical Aerospace rises after achieving key piloted flight milestone

Vertical Aerospace

08/01/2025 11:12

** U.S.-listed shares of electric aviation innovator
Vertical Aerospace  M000.F  rise 10.4% to $11.39 premarket
    ** Co's eVTOL prototype completes first piloted thrustborne
flight manoeuvres
    ** "The milestone was achieved after the business received
approval from the UK Civil Aviation Authority (CAA) to expand
its Permit to Fly, enabling Vertical to progress from piloted
thrustborne hover to piloted thrustborne low-speed flight
manoeuvres at altitude," - Co
    ** It also receives UK civil aviation authority's approval
for final stages of Phase 2 testing
    ** 2 of 4 brokerages covering the stock rate it "buy", 1
"hold" and 1 "sell"; their median PT is $13
    ** Stock rose 82.9% in 2024

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))