Vertical Aerospace (EVTL) Signs Key Supplier Deal With Astronics

Vertical Aerospace (EVTL) has secured a long-term agreement with Astronics for power distribution systems for its Valo eVTOL, enhancing its supply chain capabilities. The company's market cap stands at $239 million, and it anticipates needing to raise cash through equity issuance, which may lead to significant dilution for current shareholders. Wall Street projects the share count will increase from 157 million in 2026 to 373 million by 2032, when it is expected to start generating earnings. The deal is viewed positively as it reduces execution risk and supports production ramp-up for the company.