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Hanwha Aerospace Signs Parts Supply Deal with Vertical Aerospace

Our Bureau - : Oct 19, 2023 - : 7:33 pm

Hanwha Aerospace has won a 235.6 billion-won (US$174 million) component supply deal from Vertical Aerospace.

The South Korean defence and aerospace company will provide tilting and blade system components to be used in the VX4, the British aircraft manufacturer’s unmanned electric vertical take-off and landing (eVTOL) aircraft, until 2036.

Vertical Aerospace is developing the VX4. The company has reportedly secured orders for over 1,450 units in total from aviation companies around the world and plans to relese the aircraft for commericial use in 2026.

The agreement, signed at the ongoing Show, cements the existing relationship between the two companies. In August last year, the Korean company had signed a deal with Vertical Aerospace to provide electromechanical actuators for the VX4.

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