Vertical Aerospace to begin transition flight testing phase

Vertical will begin transition flight testing phase, as soon as this week, as we continue to expand the flight test envelope of its VX4 aircraft, with full transition flights expected before the end of the year. Vertical will share an animation explaining this critical step during our Business & Strategy Update call today. To prepare for transition flight, Vertical’s engineering and test teams recently completed extensive simulation, ground, and flight testing in collaboration with the UK Civil Aviation Authority, satisfying all 200 CAA Minimum Safe Aircraft requirements. Vertical will also share first images of the design of our certification aircraft cabin, which we believe is the largest in the sector, designed for passenger comfort and operator flexibility. At our Capital Markets Day in September, the company refined our 2030 operational and financial goals: Aircraft Production and Deliveries: at least 175 aircraft targeted by 2030, reaching a run-rate of over 225 aircraft annually by Q4 2030 Margins: targeting 20% gross margin by 2030, ramping to ~40% at scale Cash Flow: positive net operating cash flow exceeding $100 million by 2030, versus prior breakeven target. Upcoming Milestones: Piloted Transition Flight: the key engineering proof point and critical de-risking step for the VX4 platform; flight phase targeted for completion in Q4 2025. New Aircraft Reveal: 10 December 2025 London launch event, where Vertical will unveil our new full-size aircraft design. Further Supplier Announcements: additional tier-one production partners to be confirmed, complementing existing partners Honeywell and Aciturri. Aircraft 3 Assembly: final prototype aircraft to be fully assembled in December 2025, flying eVTOL and hybrid thereafter